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.