July 19, 2019 / 9:43 PM / a month ago

Brazil's Petrobras confirms Trident's winning $1 bln bid for oil fields

SAO PAULO, July 19 (Reuters) - Brazil’s state-controlled oil company Petróleo Brasileiro SA confirmed on Friday that Trident Energy presented the highest bid to acquire the Pampo and Enchova oil fields, offering close to $1 billion.

In a securities filing, the company known as Petrobras said the deal has yet to receive final approval from all of its internal departments. Reuters reported earlier on Friday that Warburg Pincus-backed Trident was the winner in a re-bid for the fields. (Reporting by Marcelo Teixeira)

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