Petrobras announces asset Sale in Uruguay

Petrobras announces asset Sale in Uruguay

Petróleo Brasileiro S.A. – Petrobras announces that its Executive Board has approved the sale of its participation in the companies owners of Blocks 3 and 4, in Punta del Este Basin, Uruguay, to Shell for US$ 17 million.
The conclusion of the transaction is subject to certain precedent conditions, including the approval by the Administración Nacional de Combustibles Alcohol y Portland – ANCAP.
This transaction represents another step in Petrobras’ Divestment Program (Prodesin) outlined in the 2013-2017 Business and Management Plan.
for hosting the meeting.”
Source: www.petrobras.com.br
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