Petrobras offshore rig

Petrobras to sell Gulf of Mexico stakes

BRASILIA, October 5, 2021 – Petrobras has disclosed its intent to sell its operating and non-operating shares in 14 offshore fields in the Gulf of Mexico, the Brazilian multinational announced on Monday.

 

The move will see it divest of its entire 20% stake in MP Gulf of Mexico, a joint venture with Murphy Exploration & Production Company.

Petrobras’ share of production from the fields in H1 2021 was 11,300 boepd.

In 2018, the company sold an 80% stake in MP Gulf of Mexico to Murphy Exploration & Production Company for USD 1.1 billion.

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