Trident Energy expects to start looking next month for buyers of stakes in two of the 10 oil concessions it acquired from Petrobras in 2020, its chief executive said.

The UK company has hired Brazilian bank Itau BBA to run the competitive process, Trident chief executive Jean-Michel Jacoulot told Upstream on Wednesday at the Rio Oil & Gas 2022 conference, adding the process should begin in the next two weeks.

“We’re looking for partners,” he noted.

In 2020, Trident bought the Pampo-Enchova cluster of mature oilfields in the Campos basin for $1 billion.