Brazilian Petrobras may sell stake in 27 oil and gas fields

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Petrobras, the largest oil and gas company in Brazil, announced its intention to sell 100% of its share in the oil and gas fields in the state of Espirito Santo in the south-east of the country. The sale offer also includes infrastructure accompanying the deposits. It is reported that last year 2,800 barrels of oil and 11,000 cubic meters of gas per day were produced at these fields. Earlier, Petrobras announced its intention to sell 8 refineries in Brazil. Their total capacity is 1.1 million barrels per day. The announcement also spoke about the desire of the Brazilian oil and gas producer to sell the PUDSA filling station network in Uruguay. In addition, the company will reduce participation in its fuel distribution business in Brazil. The sale of assets is carried out as part of a large-scale restructuring of Petrobras, aimed at paying off debts.

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