Monday, 21 October 2019 | 16:19
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Brazil’s Petrobras confirms Trident’s winning $1 billion bid for oil fields

Monday, 22 July 2019 | 00:00

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.
Source: Reuters (Reporting by Marcelo Teixeira)

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