Brazilian state oil company Petrobras has sold its subsidiary Petrobras Energia Peru to the China National Petroleum Corporation (CNPC) for US$2.6 billion, the Brazilian company said in a statement.
The sale, which was signed off on Wednesday, was approved by the Petrobras board of directors and was part of the divestment programme included in the 2013-2017 Business and Management Plan.
Petrobras Energia Peru controls 100 percent of the Lote X block, which produced 16,000 barrels of oil per day in 2012, as well as 100 percent of Lote 58, which is still being explored and 46.16 percent of Lote 57, a block where natural and condensate gas was recently discovered.
CNPC is a partner of Petrobras in the consortium that was successful in the auction for the Libra pre-salt block, at the end of October. (macauhub)