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Onshore Fields Divestment Opportunity: Start of the Non Binding Phase

Source: www.gulfoilandgas.com 3/2/2018, Location: South America

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Petrobras, further to the Material Fact published on 09/22/2017, announces the beginning of the non-binding phase related to the full sale of its exploration, development and production rights in five sets of onshore fields (Fazenda Belém, Macau , Sergipe Terra 1, Sergipe Terra 2 and Sergipe Terra 3), located in Cear?, Rio Grande do Norte and Sergipe states.

At this stage of the project, the potential buyers qualified in the previous phase will have access to a virtual data room containing more information about each set of fields, as well as instructions regarding the divestment process, including guidelines for the preparation and submission of non-binding proposals.

The present disclosure to the market is in compliance with Petrobras' divestment methodology and is aligned with the guidelines of the Federal Accounting Court (TCU – Tribunal de Contas da Uniao).



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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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