PETROLIAM Nasional Bhd is working with Bank of America Corp. to sell its 50% stake in the Brazilian oil field Tartaruga Verde, according to people familiar with the matter.
Petronas, as the Kuala Lumpur-based company is known, is looking to get about US$1bil for the stake, the people said, asking not to be identified discussing non-public information. The discussions are at an early stage and a deal may not happen, the people said.
