Petrobras Inks $2.2B Deal With Total To Sell Assets
BRASILIA, Dec 21 (Reuters) - Petroleo Brasileiro SA said on Wednesday it agreed with France's Total SA to sell $2.2 billion worth of assets that include stakes in oilfields and two thermal power stations.
Petrobras, as the company is known, will receive $1.6 billion in cash when the agreement its closed and the rest over the length of the partnership with Total. The agreement also gives Petrobras the option of acquiring a stake in a Gulf of Mexico field owned by Total and Exxon Mobil Corp.
(Reporting by Martha Nogueira; Writing by Tatiana Bautzer and Alonso Soto; Editing by Chris Reese)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 35 Offshore Rigs
Manages 12 Offshore Rigs
- Brazil Regulator Allows Petrobras To Source Libra Rig Hull From Abroad (Oct 04)
- Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role (Sep 29)
- Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction (Sep 28)
Company: Total S.A. more info
- Total CEO: US Shale Oil Industry To See Wave Of Investment (Oct 18)
- Total's CEO Says Will Try To Move Ahead With Iran Gas Project (Oct 17)
- Total Expands Presence in Mexico (Oct 12)