Petrobras starts binding phase for sale of MP Gulf of Mexico stake

Petrobras America has 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.
April 19, 2022
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Offshore staff

HOUSTON – Petrobras America has 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 Co. owns the remaining 80% stake in MP Gulf of Mexico. The MPGoM joint venture was created by Petrobras and Murphy in late 2018.

04.19.2022

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