Brazil’s Petrobras starts binding phase for sale of MP Gulf of Mexico stake

By:

Published: Apr 18, 2022, 23:08 UTC

(Reuters) - Brazil's Petrobras on Monday started the binding phase to sell its subsidiary 20% stake in Texas-based MP Gulf of Mexico LLC, which owns offshore fields in the region.

(Reuters) – Brazil’s Petrobras on Monday started the binding phase to sell its subsidiary 20% stake in Texas-based MP Gulf of Mexico LLC, which owns offshore fields in the region.

Potential buyers classified for this phase will receive a letter with instructions on the divestment process, Petrobras said in a securities filing.

Murphy Exploration & Production Company owns the remaining 80% stake in MP Gulf of Mexico.

(Reporting by Carolina Pulice and Peter Frontini)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: