Petroleo Brasileiro SA is marketing offshore oil and natural gas fields worth as much as $2 billion as part of its plan to sell assets and pay down debt, said two people familiar with the matter.
Three fields — Bauna, Golfinho and Tartaruga — are for sale, said one person, who asked not to be named because the information isn’t public. Bank of America Corp. is coordinating the sales, said the people.
Petrobras is cutting spending and selling assets after crude prices tumbled, and the Brazilian state-run oil producer found itself at the center of a corruption scandal that led to management changes. The company aims to raise $14.4 billion from asset sales this year.
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