Brazil’s Petrobras starts binding phase for sale of MP Gulf of Mexico stake

Industry:    2022-04-19

Brazil’s Petrobras started the binding phase to sell its subsidiary 20% stake in Texas-based MP Gulf of Mexico LLC, which owns offshore fields in the region.

Potential buyers classified for this phase will receive a letter with instructions on the divestment process, Petrobras said in a securities filing.

Murphy Exploration & Production Company owns the remaining 80% stake in MP Gulf of Mexico.

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