October 3, 2017 / 9:34 PM / a year ago

Petrobras starts binding stage on proposed sale of Maromba field

SAO PAULO, Oct 3 (Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA on Tuesday said it had started the binding stage for a proposed stake sale in the Maromba field, located in the Campos basin, according to a securities filing.

At this stage, interested companies would be able to conduct due diligence and make offers. Petrobras is the operator in Maromba, with a 70 percent share, while Chevron Corp holds 30 percent. (Reporting by Marcelo Teixeira; Editing by Jonathan Oatis)

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