PetroChina (PTR) is in talks to acquire Brazilian oil startup Barra Energia Petroleo e Gas for...


PetroChina (PTR) is in talks to acquire Brazilian oil startup Barra Energia Petroleo e Gas for ~$2B, Bloomberg reports. Barra has stakes in two projects in the Santos Basin near Brazil’s largest offshore discoveries. The talks highlight Asian interest in Brazilian oil assets: Malaysia's Petronas is paying $850M for a 40% stake in a field owned by OGX Petroleum in Brazil’s Campos Basin.

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