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Petrobras said to take Argentine oilfield bids next month

Aug. 18, 2014 11:14 AM ETPetróleo Brasileiro S.A. - Petrobras (PBR) StockPBRBy: Carl Surran, SA News Editor
  • Petrobras (PBR +0.6%) will start receiving bids for oil fields in southern Argentina next month, Bloomberg reports.
  • PBR's Argentina unit reportedly approved the sale of four fields last month with billionaire Eduardo Eurnekian’s Cia. General de Combustibles granted the right of first refusal on two of them.
  • Local newspaper reports have said the Petrobras assets going on sale are worth ~$300M.

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