I’m a state company, get me out of here!

Brazilian state giant Petrobras is selling its Azulão field in the Amazonian jungle. The property looks tailor-made for Eneva or Rosneft Brasil
By The Wildcat 23 May 2017
Petrobras is ready to leave the jungle. (Petrobras)

Brazilian state giant Petrobras has had enough of the jungle. The company has put its Amazonian gas field up for sale, and it seems to have two buyers in mind.  

Petrobras said last week that it would only sell the Azulão field to a former or current explorer in Amazonas or the state’s Solimões Basin – or a company that owns 200 MW of thermoelectric capacity in Brazil. 

That is an unmistakeable nod to Rosneft Brasil, which is midway through a high-profile drilling campaign in...

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