The farm-out of half of Block BM-P-2 is part of the state-owned giant's divestment programme, aimed at raising $9.9 billion this year alone, with the sale of assets to finance its multi-billion dollar business plan.
Petrobras exploration and production director Jose Miranda Formigli said the farm-out operation is currently being evaluated by Brazil’s market regulator ANP and the country’s Administrative Council for Economic Defense (CADE).
“Once
