Brazil’s Petrobras divests from Enchova, Pampo Clusters

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Brazil’s national oil company, Petrobras said it is divesting from Enchova and Pampo Clusters.

The company said in a statement that:

further to the Material Fact disclosed on July 28, 2017 and press release disclosed on October 4, 2017, informs the start of the binding phase regarding the assignment of all of its exploration, development and production rights in Enchova and Pampo Clusters, located in Rio de Janeiro state.

At this stage of the project, the invitation letters are issued to interested parties qualified in the previous phase, with detailed instructions about the divestment process, including the guidelines to conduct due diligence and submit binding proposals.

The present disclosure to the market is pursuant to Petrobras’ divestment program and is aligned with the guidelines of the Federal Accounting Court (TCU).