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Montevideo, October 4th 2023 - 04:23 UTC

Tag: US Gulf of Mexico

  • Thursday, May 2nd 2013 - 06:18 UTC

    Petrobras continues divestment program: sells blocks in US Gulf of Mexico

    The Brazilian giant needs funds to concentrate in developing reserves along its coast

    Brazil’s Petrobras is selling its 20% stake in the Gila prospect in the US Gulf of Mexico as part of its ongoing divestment program. The state-owned company said it had signed a sale and purchase agreement for the sale of its equity in exploration blocks KC 49, 50, 92, 93, 94 and 138, which make up the BP-operated asset.