Brazil's state-led oil company Petrobras entered the binding phase for the partial sale of four concessions in the deep off-shore waters of the Sergipe-Alagoas Basin, the company said in a securities filing on Friday.
The concession sales, which do not involve transfer of control over the operations, include the following blocks: BM-SEAL-4, BM-SEAL-4A, BM-SEAL-10 and BM-SEAL-11.
Potential buyers will receive invitations and gain access to more information on the blocks during this phase, along with instructions for making proposals and doing due diligence.