The Brazilian state company Petrobras put up for sale offshore fields of oil and gas worth $2 billion, reported on Friday by Bloomberg, citing two sources. According to the interlocutor of the Agency, one of the assets interested in investment holding company LetterOne, controlled by Russian billionaires Mikhail Fridman, German Khan and Alexei Kuz’micheva.
Petrobras sells three fields — Bauna, Golfinho and Tartaruga, the source told Bloomberg. The offer to purchase the Bauna field advanced LetterOne and Brazilian oil company Petro Rio, he said. Assets also interested in Australian oil and gas company Karoon Gas Australia has informed the employee a press-services. According to a source, Petrobras has 90 days to respond to the potential buyers.
In LetterOne declined to comment. In Rio Petro on request by e-mail promptly answered. The representative of Petrobras did not comment on the information on sale of deposits.
Petrobras gets rid of deposits as part of a programme of cost cuts, asset sales and debt repayment. The company expects to receive $14.4 billion from the sale of assets in 2016, according to Bloomberg.
Michael Friedman is not the first time interested in assets in Brazil. So, in October 2015, it became known that LetterOne is ready to invest $4 bln in Brazilian telecommunications company Oi. Investors put forward a condition in which Oi was to negotiate a merger with local rival TIM Participacoes. However, during negotiations, TIM refused to merge and the deal fell through.