New Wave Media

September 2, 2014

Gazprom in Talks to Buy Stakes in Brazilian Offshore Oil Blocks

OAO Gazprom, the world's largest natural gas producer, is in talks with rivals to buy stakes in oil exploration areas in Brazil, a senior executive said on Tuesday.

The plans, which would be in the form of farm-ins, are preferentially for offshore blocks already under exploration in South America's biggest country, Shakarbek Osmonov, a senior executive with Gazprom's Brazil and Latin America operations, said at an event in Rio de Janeiro.

(Reporting by Marta Nogueira; Writing by Guillermo Parra-Bernal; Editing by Meredith Mazzilli)

• Brazil • Gazprom • natural gas producer

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