EUROPEAN independent Perenco has hit a setback in its attempts to build up a Brazilian upstream portfolio after state-controlled Petrobras ordered a third re-bid in the ongoing sale process for Pam-po-Enchova, a cluster of shallow water fields in in the Campos basin, writes Gareth Chetwynd. Sources suggested the competitive process for the 10 shallow-water fields had resulted in a contest between Brazilian firm Ouro Preto on one side and Trident Energy - a UK-based oil and gas company backed by private equity giant Warburg Pincus - on the other.
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