Petrobras struggling to sell GoM assets

Still for sale: Petrobras is reportedly struggling to offload its assets in the US Gulf of Mexico

Brazil's state-controlled oil company Petrobras is having trouble selling more than $4 billion of offshore oil exploration and production assets in the US Gulf of Mexico, according to reports.

The Brazilian oil company has discarded plans to sell a stake in its entire Gulf of Mexico holdings to a single partner and has begun seeking partners for individual assets and packages of the oil blocks there, Reuters quoted sources familiar with the matter as saying.

Separately, a Petrobras executive confirmed with the news agency that the company has had great difficulty in selling the assets in the Gulf but declined to elaborate.

Reuters said the sources and the executive spoke on condition of anonymity because the process was still private.

Petrobras launched the…

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