Monday, June 1, 2020

Bids for Petrobras' Shallow Water Fields Surpass $1 Bln

June 13, 2019

(Photo: Petrobras)

Brazilian state-run oil firm Petroleo Brasileiro SA said on Thursday it received final proposals for shallow water fields Polos Enchova and Pampo that surpass $1 billion in value, according to a securities filing.

The transaction is still subject to internal approvals, the company said, adding the bids were received on June 5.

(Reporting by Ana Mano Editing by Chizu Nomiyama)

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