Petrobras Focuses More on World-Class Deepwater and Ultra-Deepwater Assets and Puts Its Wholly Owned Subsidiary in Argentina Up for Sale

Written by Flavia Marinho

Published on 14/10/2022 at 16:05

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The Brazilian Oil Giant Sells 100% of Its Shareholding in Petrobras Operaciones S.A. (POSA), in Argentina – Owner of 33.6% in the Rio Neuquén Field.

To increasingly concentrate its assets in oil fields and deep and ultra-deep waters in the pre-salt, Petrobras informed the market on this day (10/14) that it has started the opportunity disclosure stage (teaser) regarding the sale of 100% of its shareholding in Petrobras Operaciones S.A. (POSA), a wholly-owned subsidiary of Petrobras in Argentina and holder of a 33.6% stake in the Rio Neuquén Field.

According to the state-owned company’s announcement, the teaser, which contains the main information about the opportunity, as well as the eligibility criteria for selecting potential participants, is available on Petrobras’ website.

About Petrobras’ Wholly-Owned Subsidiary in Argentina (POSA)

POSA is a company incorporated in Argentina and has as its only asset the Rio Neuquén field. Petrobras owns its stake in POSA through its subsidiaries PIB BV (Petrobras International Braspetro B.V.), with 95%, and PVIE (Petrobras Valores Internacionales de España), with 5%.

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Petrobras Focuses More on World-Class Deepwater and Ultra-Deepwater Assets and Puts Its Wholly Owned Subsidiary in Argentina Up for Sale

The Brazilian Oil Giant Sells 100% of Its Shareholding in Petrobras Operaciones S.A. (POSA), in Argentina – Owner of 33.6% in the Rio Neuquén Field.

About Petrobras’ Wholly-Owned Subsidiary in Argentina (POSA)

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Petrobras Focuses More on World-Class Deepwater and Ultra-Deepwater Assets and Puts Its Wholly Owned Subsidiary in Argentina Up for Sale

The Brazilian Oil Giant Sells 100% of Its Shareholding in Petrobras Operaciones S.A. (POSA), in Argentina – Owner of 33.6% in the Rio Neuquén Field.

About Petrobras’ Wholly-Owned Subsidiary in Argentina (POSA)

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