Petrobras plans to sell its stake in Gulf of Mexico blocks

As part of its debt-reduction and portfolio-optimization strategy, Petróleo Brasileiro S.A. (Petrobras) plans to sell its entire 20% stake, held by subsidiary Petrobras America Inc. (PAI), in MP Gulf of Mexico, LLC (MPGoM). A joint venture with Murphy Exploration & Production Company, MPGoM owns 15 offshore fields in the Gulf of Mexico.

Petrobras’ share of the fields’ production in the first half of 2021 was 11,300 bpd of oil equivalent.

A teaser document issued by Petrobras lists several “attractive growth projects.”

Prospective buyers must demonstrate interest in entering the bidding process by October 25th.

Kim Biggar

Kim Biggar started writing in the supply chain sector in 2000, when she joined the Canadian Association of Supply Chain & Logistics Management. In 2004/2005, she was project manager for the Government of Canada-funded Canadian Logistics Skills Committee, which led to her 13-year role as communications manager of the Canadian Supply Chain Sector Council. A longtime freelance writer, Kim has contributed to publications including The Forwarder, 3PL Americas, The Shipper Advocate and Supply Chain Canada.
Back to top button