LatinNews Regional Monitor: Brazil & Southern Cone - 25 July 2019

* Brazil’s state-owned oil company Petrobras has successfully completed the sale of its upstream assets in shallow waters in the Campos basin (off the coast of Rio de Janeiro state) and Santos basin (off the coast of São Paulo state) for a combined US$1.5bn. British oil and gas company Trident Energy (which is backed by the Warburg Pincus Fund) bought the concessions for exploration and production in the Campos basin for US$851m, while Australia-based Karoon acquired the Santos basin exploration and production concessions for US$665m.

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