Petrobras said to take Argentine oilfield bids next month

|About: Petrobras - Petroleo Brasil... (PBR)|By:, 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.