Petrobras is to sell off more than $2billion of assets as it looks to dispose of its non-core interests.
The Brazilian state oil company confirmed the sale, which sees a host of assets in Brazil and the USA being sold, over the weekend.
The deal will see Videolar buying its Petroquimica Innova subsidiary for $372million, along with the new owner taking on the company’s debts, while the 35% stake in the Campos Basin block at Parque das Conchas is to be sold to Sinochem for $1.54billion.
Petrobras is also to farm out more than $185million of its Gulf of Mexico stages off the Texas and Louisiana coasts.
A further $16million deal for shares in the company building thermal power plants in Rio Grande do Norte.
The deals come as Petrobras announced the successful discovery of oil in the ultra deep Muriu rospect.
The well, 83km off Aracaju, discovered a 24m reservoir with good characteristics, which will now be tested to determine productivity.