Brazil's PetroReconcavo in talks for Petrobras onshore fields -sources [Reuters]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
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Source: Reuters
Brazil's PetroReconcavo in talks for Petrobras onshore fields -sources RIO DE JANEIRO, March 19 (Reuters) - Brazilian independent oil company PetroReconcavo has entered direct negotiations with state-run Petroleo Brasileiro SA to purchase a cluster of 34 oilfields in the nation’s northeast, two oil industry sources told Reuters. Petrobras, as the state-owned company is known, entered talks with the unlisted Salvador, Brazil-based company after upstart 3R Petroleum failed to receive financing for its $453 million purchase of the fields, which was announced in late November, said the sources, who requested anonymity because they were not authorized to discuss internal matters. The sources said the $453 million bid was considered aggressive, and PetroReconcavo will probably offer less for the fields in the state of Rio Grande do Norte, collectively known as Riacho da Forquilha. Petrobras did not respond to a request for comment, nor did Ricardo Savini, a partner at 3R Petroleum. Marcelo
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