Petrobras picks Warburg Pincus-backed Trident in oilfield re-bid – Pampo and Enchova

Brazilian oil company Petroleo Brasileiro SA has chosen a bid from Warburg Pincus-backed Trident Energy as the winner in a final “re-bid” for two oilfields, three sources with knowledge of the matter said.

Petrobras, as the Brazilian state-run oil company in known, will fetch nearly $1 billion, two of the sources said. The firm received two offers in a final re-bid this month, the same sources said, declining to name the second bidder.

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