tiprankstipranks
Trending News
More News >

Petrobras debates selling onshore operations in Brazil’s Bahia, Bloomberg says

Petrobras (PBR) is considering the sale of its onshore operations in Brazil’s Bahia state, Mariana Durao of Bloomberg reports, citing comments made by CEO Magda Chambriard. Producing oil and gas at Polo Bahia Terra is too expensive given it yields less than a single well on the pre-salt, Chambriard told journalists.

Don’t Miss TipRanks’ Half-Year Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1