Petrobras contests order blocking offshore field sales

Petrobras plans to appeal against an injunction granted to suspend divestment of concession rights for the offshore Baúna and Tartaruga Verde fields.

Nov 29th, 2016

Offshore staff

RIO DE JANEIROPetrobras plans to appeal against an injunction granted to suspend divestment of concession rights for the offshore Baúna and Tartaruga Verde fields.

The company says the transaction was conducted in compliance with the stages laid down in Brazil’s Divestment System, designed to ensure widespread competition among potential interested parties.

11/29/2016

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