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    1. Regional Reports
    2. US & Gulf of Mexico

    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.
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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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