Petrobras nears $6 billion Gulf of Mexico asset sale

10/3/2012

Petrobras nears $6 billion Gulf of Mexico asset sale

MEXICO CITY -- 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, 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. She valued the company's exploration assets in the area at around $8 billion.

Dow Jones Newswires

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