TRIDENT Energy expects to start looking next month for buyers of stakes in two of the 10 oil concessions it acquired from Petrobras in 2020, its chief executive said last week. The UK company has hired Brazilian bank Itau BBA to run the competitive proces, Trident chief executive Jean-Michel Jac-oulot told Upstream at the Rio Oil & Gas 2022 conference, adding that the process should begin in the next two weeks. "We're looking for partners," he noted. In 2020, Trident bought the Pampo-Enchova cluster of mature oilfields in the Campos basin for $1 billion. The shallow-water fields are located 80 to 90 kilometres off the coast of Rio de Janeiro state, at a depth of 85 to 780 metres and were developed by Petrobras in the 1980s. At that time, the company said the oilfields produced more than 22,000 barrels per day of oil. They now produce 25,000 bpd, according to a Trident presentation.
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