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Brazil: Petrobras announces start of non-binding phase for the sale of the Lagoa Parda Cluster
14 Dec 2018
Petrobras, further to the material fact of 10/08/2018, has announced the beginning of the non-binding phase related to the sale of its entire equity share in three onshore production fields - Lagoa Parda, Lagoa Parda Norte and Lagoa Piabanha - located in the state of Espírito Santo, Brazil, jointly designated as the Lagoa Parda Cluster.
At this stage of the project, the interested parties qualified in the previous phase will receive instructions on the divestment process, including guidelines for the elaboration and submission of non-binding proposals, and access to a virtual data room containing more information about the cluster.
This disclosure to the market complies with Petrobras' divestment methodology and is aligned with the provisions of the special procedure for the sale of exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355/2018.