Petrobras says Starboard offers highest bid for Papa-Terra oilfield

Industry:    2020-11-26

Brazilian state-controlled oil company Petrobras said asset manager Starboard Asset Ltda has bid $90 million for its Papa-Terra oilfield in the Campos Basin, a securities filing late on Tuesday showed.

Petrobras added Starboard’s offer was the highest, but that it was not yet possible to say if both companies would reach a final agreement.

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