Azevedo
did
not
give
any
details
about
the
timing
or
structure
of
the
sale,
but
he
suggested
that
the
start-up
of
production
on
the
Cascade-Chinook
development
in
February
gave
the
company
a
healthy
impetus
to
cash
in
on
some
of
the
value
of
its
assets.
Petrobras
plans
to
raise
$13.6
billion
from
asset
sales
and
cost
cuts
by
2015.
This
strategy
reflects
the
weight
of
the
investments
needed
to
put
Brazil’s
pre-salt
discoveries
into
production.
The
Petrobras
assets
in
the
Gulf
of
Mexico
include
126
exploration
leases
and
five
field
development
permits.
The
Gulf
of
Mexico
accounts
for
about…
