Sinochem mulls sale of $3B stake in Peregrino oilfield
February 22, 2017
Energy Production | Campos Basin, Brazil | Corporate Divestiture
Sinochem (SSE: 600500) is looking to sell its 40% interest in Brazil's Peregrino oilfield, which it acquired for a reported $3.07 billion from Norway's Statoil (NYSE: STO) in 2010, according to Reuters. Sinochem could reportedly offload the stake at a discount from that purchase price.