Brazil’s state-controlled oil company, Petroleo Brasileiro SA (NYSE: PBR), said on Nov. 28 it had sold rights to more than 30 oil fields for more than $800 million as part of a longstanding divestment plan to reduce the company’s debt.
The company, known as Petrobras, said it had reached a $370 million deal with Anglo-French oil and gas company Perenco to sell three oil fields in the so-called Polo Nordeste, in the coast of Rio de Janeiro. The three oil fields produce a combined 9,000 barrels a day (bbl/d) of oil, the company said.
It also said it had sold the rights to 34 dispersed oil fields in the state of Rio Grande do Norteto to Brazilian company 3R Petroleum for $453 million.
The oil fields, in operation for more than 40 years, produce about 6,000 bbl/d of oil.
Indonesian oil and gas group Medco Energi got an extension to Jan. 31 to make a firm takeover offer for Ophir Energy or walk away.
Kuwait and Iraq would pick a consultancy firm to advise on the project from a list of four candidates that the two states have already agreed on, he said, giving no further details.
DEA Deutsche Erdoel agreed to buy independent Mexican company Sierra Oil and Gas at a time of growing uncertainty over the private sector's role in Mexico's oil industry.