28 April 2024
Total poised to snap up Petrobras assets
Publication date: 02 March 2017
Gas Strategies Group
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French major Total is set to acquire a handsome portfolio of Brazilian oil and gas assets worth USD 2.2 billion from indebted national oil company Petrobras.
The deals, signed under a multibillion dollar strategic alliance first mooted in September, will transfer significant stakes in two offshore upstream assets and a gas to power scheme in the north-eastern state of Bahia.