Some added info......
This was reported 19th March 2016 in Singapore Straits times newspapers.
Also listed are the final 2 others ( Petro Rio and LetterOne holdings ), in the bidding process and the investment banker coordinating the sales.
This sale apparently, is directly for the interest/bond payments for year ending 2016 and the reason why Merrill Lynch is coordinating.
Scandal-hit Brazilian state-owned oil firm struggling to pay down debt, fund expansion
RIO DE JANEIRO • Brazil's state- owned oil company Petroleo Brasileiro (Petrobras) is marketing offshore oil and natural gas fields worth as much as US$2 billion (S$2.7 billion) as part of its plan to sell assets and pay down debt.
Three fields - Bauna, Golfinho and Tartaruga - are for sale, according to sources, who add that Bank of America Merrill Lynch is coordinating the sales.
Petro Rio and LetterOne Holdings have put in offers for the Bauna field, said one of the people. Karoon Gas Australia is also bidding, said a spokesman for the firm.
Aggressive selling into judgement, page-14
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