Brazil’s state energy giant Petrobras has decided not to go through with a drilling plan at a field operated by Chevron, effectively ruining the supermajor’s plans for the field, Reuters reports , citing unnamed sources familiar with the matter. Chevron has a 52-percent stake in the Frade field and Petrobras has 30 percent, but for the Brazilian company, this field is not a priority, the source said. The priority is the pre-salt zone, which is seen as the biggest production growth area in Brazilian oil. Petrobras, in fact, is so disinterested in the Frade field that it might sell its stake in it. Earlier this week, a private Brazilian energy company, Petro Rio, bought 12 percent in the Frade field from another firm, Frade Japao, and its chief executive told Reuters it could also buy Petrobras’ stake in the field. “We see extending the life of the field as […]