FT: Petrobras Poised for $6B Gulf of Mexico Asset Sale

Petroleo Brasileiro SA (Petrobras) is very near to closing a deal on the sale of up to $6 billion in Gulf of Mexico assets, and has narrowed talks down to some three possible buyers, the Financial Times reported on its website Tuesday, citing Petrobras CEO Maria das Gracas Foster.

Petrobras is prepared to sell a stake worth between $4 billion and $6 billion and could cede majority control of some blocks, Ms. Foster said, the FT reported. She valued the company's exploration assets in the area at around $8 billion.

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


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