Brazil’s Petrobras buys off Trident Energy for $365.4m

2020-07-14T004507Z_1_LYNXNPEG6D013_RTROPTP_3_PETROBRAS-OUTLOOK

Brazil’s Petrobras declared that it had finalized the sale of its stake in 10 oil fields to Trident Energy do Brasil with a payment of $365.4 million.

The fields as a whole are known as the Polos de Pampo e Enchova. The deal still requires the payment of an additional $650 million, Petrobras said.

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