Brazilian oil and gas giant Petrobras announced on Tuesday that it has started the non-binding phase to sell its 20-percent stake in Texas-based company MP Gulf of Mexico LLC (MPGoM) — a joint venture created in 2018 with the Murphy Exploration & Production Company.
In 2021, Petrobras’ share in the MPGoM operation was 10,400 barrels per day of oil equivalent.
“Potential buyers qualified for this phase will receive a descriptive memorandum containing more detailed information about the company in question,” the company said, in a statement to the market.
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