Brazil rejects Maersk Oil's field divestment

Maersk Oil's withdrawal from Brazil could be under pressure as Brazilian authorities have rejected the sale of the company's stake in the Polvo field. Maersk Oil tells ShippingWatch that the company is studying the rejection.

BY KATRINE GRØNVALD RAUN

The Brazilian authorities that regulate the country's oil, ANP, have rejected Maersk Oil's plans to divest 40 percent of its stake in the Polvo field as part of the company's strategy to withdraw completely from the Brazilian market, according to Reuters.

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Brazil rejects Maersk Oil's field divestment

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Smedegaard: Giving up hopes of Brazilian oil success

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Further reading

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