Brazil’s state oil firm Petrobras revealed on Thursday it intends to sell its stake in the Maromba oil field in the Campos Basin offshore Brazil, according to Reuters.
Petrobras holds a 70% share of the field and its partner in the venture, US supermajor Chevron, is also looking to sell its 30% stake.
Maromba, a heavy oil field, is located in shallow waters close to the fields of Peregrino and Papa-Terra. Production was expected to begin from the field in 2025.
Petrobras, which revealed the sale plan in a securities filing, said potential buyers have until July 17 to declare their interest.
