Petrobras starts binding phase for sale of MP Gulf of Mexico stake
April 19, 2022
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.
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.
