Petrobras Mulls Selling GOM Assets in 1H 2013

RIO DE JANEIRO - Brazilian oil and gas company Petroleo Brasileiro SA, or Petrobras, said Monday it may sell some of its assets in the Gulf of Mexico in the first half of 2013.

Part of the company's Gulf exploration and production fields may be sold at that time, Petrobras Chief Financial Officer Almir Barbassa told reporters at the Rio Oil & Gas congress in Rio de Janeiro, without giving further details.

The divestment will be part of a planned sale of various overseas assets by the company, worth an estimated total of $15 billion.

Copyright (c) 2012 Dow Jones & Company, Inc.

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