Petrobras and Chevron look to sell their stakes in Maromba field offshore Brazil

Petrobras and Chevron look to sell their stakes in Maromba field offshore Brazil

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.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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