A consortium of Talos Energy Inc, private equity firm EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA has presented non-binding offer for buying the two Brazilian oilfields of Albacora and Albacora Leste, five sources told Reuters.
This came a as apart of the company’s strategy to rapidly deleverage by selling non-core assets.
Reuters emphasized that if this transaction is successfully executed, it would be a significant geographic shift for Talos.
Two of the sources added that there are likely other bidders for the oilfields.