Brazil’s Petrobras has entered the binding phase for the sale of a pair of shallow-water mature fields in the Espirito Santo basin.

The state-controlled company is selling 100% stakes in the Peroa and Cangoa natural gas fields, as well as the Malombe discovery in BM-ES-21.

In the binding phase, potential buyers will receive invitations and gain access to more information on the fields, along with instructions to make proposals and perform due diligence.