According to a person familiar with the matter, on January 14, 2013, Petróleo Brasileiro SA - Petrobras will open bids from investors that are interested in the acquisition of assets of Petrobras Argentina SA. In December 2012, Petrobras, had put some of its Argentine assets up for sale to concentrate on developing Brazil's massive offshore oil fields. The person added that Grupo Indalo has made an offer to acquire more than 50% of Petrobras Argentina's assets.

Dow Jones said that Petrobras declined to comment on the matter. In December 2012, Maria das Gracas Foster, Chief Executive of Petrobras had said, "Negotiations about the other activities make up part of Petrobras Argentina's divestment plan."