Client Alert: Petrobras Publishes Teasers for the Divestment of 50 Onshore Fields

On August 28, 2017, Petrobras published divestment teasers and commenced a tender process related to the divestment of 50 onshore fields.  The teasers require that the invited companies and other prospective assignees that fulfill the eligibility criteria and satisfy all of the requirements set forth in the teasers should declare their interest on or before September 12, 2017.  The relevant and confidential technical, legal, and financial information, including the Process Letter and information concerning the tender process, will only be made available to interested parties via access to the physical and virtual data rooms if they have signed a Confidentiality Agreement, a Compliance Certificate, and other required declarations on or before September 26, 2017.