At the other end of the scale from the huge TAG pipeline transaction with France's Engie, Brazilian giant Petrobras is also close to selling some of the mature onshore assets that were packaged into divestment clusters, writes Gareth Chetwynd.

Brazilian independent PetroReconcavo is positioned to pick up a cluster of selected oilfields in the state of Rio Grande do Norte, known collectively as Riacho de Forquilho, for a price understood to be $320 million.