Brazil's Petrobras approves sale of Polo Norte Capixaba fields for $544 mln

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The logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo

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SAO PAULO, Feb 22 (Reuters) - Brazil's state-owned Brazilian oil company Petrobras said on Tuesday it had approved the sale of its entire stake in four onshore fields at Polo Norte Capixaba to a subsidiary of private equity firm Seacrest Group for up to $544 million.

The deal for the onshore fields, located in the Brazilian state of Espirito Santo, is still awaiting approvals by Brazilian regulators.

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Reporting by Peter Frontini; editing by Jonathan Oatis

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