Petrobras sells oil fields in northeast Brazil

Machado Meyer Advogados has helped Petrobras sell its exploration and production rights to the onshore and offshore Macau cluster in the state of Rio Grande do Norte to local private equity firm Starboard Asset.

Petrobras sells oil fields in northeast Brazil Credit: iStock.com/Rob_Ellis

Campos Mello Advogados advised the buyers, which established a special purpose company named 3R Petroleum to manage the fields.

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