Thursday, January 9, 2025
Chevron, Petrobras plan to sell deepwater Brazilian field- oil and gas 360

Chevron, Petrobras plan to sell deepwater Brazilian field

Houston Chronicle Chevron and Brazil’s state oil company plan to sell their 100 percent ownership stake of a key deepwater field offshore of South America’s largest country as they both seek to sell assets to cut costs. The deepwater Papa Terra oil field in Brazil’s Campos Basin came online in 2013 and now produces oil and gas through two offshore platforms. Brazil’s