AmericasOffshore

Petrobras selling oil and gas fields for up to $2bn

Embattled Brazilian energy major Petrobras is looking to sell off oil and gas fields worth up to $2bn.

Three fields – Bauna, Golfinho and Tartaruga – are for sale, Bloomberg reports, with Bank of America Merrill Lynch coordinating the sales.

A corruption scandal at the company combined with falling price of oil has sent the Brazilian firm into billions of dollars of debts.

Petrobras is also planning to scythe 15% of its staff through voluntary layoffs.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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