Petrobras

Petrobras has sold its assets in Argentina’s Austral basin to Compañia General de Combustibles for USD 101 million. The property includes 26 onshore exploration concessions with an average production of 15,000 BOEPD, and the infrastructure required for distribution, treatment, and storage. This is the first asset that Petrobras has sold in its 2015–2016 divestment plan, which will see the company sell a total of USD 13.7 billion in assets.