Brazilian oil giant Petrobras has launched a new divestment initiative, this time to sell minority stakes at 15 offshore fields in the US Gulf of Mexico.

Petrobras has unveiled plans to sell its remaining 20% working interest in the MP Gulf of Mexico LLC (MPGoM) company.

In 2018, Petrobras sold an 80% stake in MPGoM to US independent Murphy Oil for $1.1 billion.