Chevron receives proposals for Papa-Terra stake

Jul 30, 2020

Chevron receives proposals today to purchase its stake in the Papa-Terra field, in the Campos Basin, in an operation conducted by Bank of America.

The expectation is that medium-sized oil companies will compete for shares in Chevron and Petrobras in the Campos Basin asset. The bidding should involve up to four companies, including Ouro Preto and PetroRio.

The process takes place in parallel with the divestment of Petrobras in the asset.

Source: PetroleoHoje