Petrobras completes sale of assets in Peru

Petrobras has completed the sale of its wholly-owned subsidiary Petrobras Energia Peru (PEP) to the China National Petroleum Corporation (CNPC) for $2.6bn. The deal includes 100% of Lot X, a mature field that produced 13,000 boe/d in 2013; a 46.16% stake in Lot 57, an operational field producing natural gas and condensate, operated by the partner, Repsol; and 100% of Lot 58, an exploration block close to Lot 57, where significant discoveries of natural gas and condensate have recently been made.