July 16, 2020 / 12:11 AM / 22 days ago

Brazil's Petrobras finalizes sale of oil fields to Trident Energy

FILE PHOTO: A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes

SAO PAULO (Reuters) - Brazil’s Petrobras said on Wednesday it had finalized the sale of its stake in 10 oil fields to Trident Energy do Brasil with a payment of $365.4 million.

The fields as a whole are known as the Polos de Pampo e Enchova. The deal still requires the payment of an additional $650 million, Petrobras said.

Reporting by Nayara Figuereido; Editing by Sandra Maler

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