Petrobras to Sell Stake in Atlanta, Oliva Fields, Upstream Says

Petroleo Brasileiro SA (PBR) is in talks to sell its 40 percent stake in the Atlanta and Oliva offshore fields that are located in the BS-4 block in the Santos Basin, Upstream reported, citing people it didn’t identify.

Upstream didn’t say which possible buyer Petrobras, as the Rio de Janeiro-based state-controlled producer is known, is in talks with.

QGEP Participacoes SA (QGEP3) and Barra Energia each have 30 percent stakes in the block that holds an estimated 2.1 billion barrels of recoverable oil, the Oslo-based oil-industry newspaper said in a newsletter distributed in Rio.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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