British firms Trident Energy and Premier Oil, along with Anglo-French producer Perenco, are rumoured to be weighing up the purchase of Petrobras’ Brazilian oil fields.
Sources told Reuters that the firms were in preliminary deliberations concerning a cluster of mature fields in Brazil’s Campos basin.
The Polo Garoupa fields, as the cluster is known, could fetch several hundred million dollars, which would be in line with sales of similar fields in the basin.
However, the cluster is reportedly more complex than is normal, meaning the potential price range is not yet clear.
Perenco declined to comment. City A.M. has contacted Premier Oil and Trident Energy for comment.
Unlike previous divestments, the sale reportedly has no non-binding phase.
Bidders have signed confidentiality agreements and are discussing the asset with the semi-public company.
The submission of formal offers is expected to be the next stage.
In the 12 months finishing in August, Polo Garoupa produced nearly 20,000 barrels of oil a day, making it Petrobras’ largest production asset for divestment.
The Brazilian firm is looking to reduce its debt pile by selling $20 to $30bn worth of assets in the next five years.
In November 2018 Petrobras announced that it had sold its stakes in its Pargo, Carapeba and Vermelho fields to Perenco for $370m.