(MENAFN) Petrobras, Brazil's national oil firm declared that it had sold its asset in an Atlantic oilfield within the pre-salt zone to Statoil Brazil Oil and Gas for USD2.5 billion, based on reports.
This crucial move is part of the giant's ongoing divestment strategy launched last year to raise nearly USD15 billion to face a heavy debt burden and to make up for a gigantic corruption ring.
In detail, the oilfield in question, named Carcara, is located in the Cuenca de Santos, an area off Brazil's southeast coast, and it's is currently operated by Petrobras with a 66 percent stake.
Furthermore, the oil behemoth has confirmed that it will continue until it's back to logging solid profits, hence it sold off all its assets in Argentina for a total of USD897 million.
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