NEW YORK ( TheStreet) -- In need of raising $15 billion due to rising costs associated with its offshore production projects in Brazil, Petroleo Brasileiro, also known as Petrobras (PBR - Get Report), is reaching out for an investment partner with deep pockets.According to a Sept. 10 article in the Wall Street Journal, PBR has asked Morgan Stanley (MS) to help it find a partner that would be willing to fork out as much as $4 billion to help it invest in state-of-the-art technology used for finding oil and gas deep down in "Davey Jones's Locker."
Petrobras' Search May Be a Boon for National Oilwell Varco
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