Petrobras has started the non-binding phase for the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. in MP Gulf of Mexico LLC.
(Courtesy BW Offshore)
The FPSO BW Pioneer operates at the Cascade and Chinook fields in the Gulf of Mexico.
Offshore staff
RIO DE JANEIRO – Petrobras has started the non-binding phase for the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in MP Gulf of Mexico LLC (MPGoM).
Created in October 2018, MPGoM is a joint venture company between Murphy Exploration & Production Co. (80%) and PAI (20%). The joint venture has interests in 14 offshore fields in the Gulf of Mexico.
Petrobras’ share of the fields’ production in 2021 was 10,400 boe/d.
According to Petrobras, potential buyers qualified for this phase will receive a process letter containing detailed information about the company, in addition to instructions on the divestment process, including guidelines for the preparation and submission of non-binding proposals.
