Petrobras gives up to continue in sale of oil fields

Even authorized by the EU Court of Auditors to continue the negotiations on the sale of Bauna oil fields and Green Turtle, Petrobras said the action was frustrated and decided to start the process. The sale was in the final stage with the Australian Karoon.

However, according to the newspaper Folha de São Paulo, Woodside, it would be a partner in the business gave up the purchase and a new proposal had been sent to the state, which descumpriria determination of the Court to continue the action on the stage that was.

Petrobras now hold a new bidding under the new bidding process according to TCU and providing more transparency, information more interested in running and participation of the state of the board in the process.

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