LogIn LogOut

Petrobras Eyes $9 Bln Transfer-of-rights Addendum

May 21, 2019

© Celso Pupo / Adobe Stock
© Celso Pupo / Adobe Stock

Brazil's state-run oil company Petrobras said on Tuesday its board of directors approved an addendum to a transfer-of-rights oil contract that will see it reimbursed to the tune of $9.06 billion, but the deal remains subject to governmental agreement.

Approval depends on the publication of a Ministry of Mines and Energy decree that does not violate the rights and conditions from the contract Petrobras has already negotiated, the company said in a statement.

(Reporting by Luciano Costa; Writing Jamie McGeever)



Current News

TSMC to Offtake Full Output from Ørsted's Taiwan Wind Farm

TSMC to Offtake Full Output from Ørsted's Taiwan Wind Farm

ABS Certifies Jack-Up Rig Steel after Remote Survey

ABS Certifies Jack-Up Rig Steel after Remote Survey

Icon Offshore in Talks to Buy Jack-Up Rig from Perisai

Icon Offshore in Talks to Buy Jack-Up Rig from Perisai

Oil Producers Will Fight for Market Share as Consumption Growth Slows

Oil Producers Will Fight for Market Share as Consumption Growth Slows

Seacor Marine Completes Seacosco Acquisition

Seacor Marine Completes Seacosco Acquisition

Safety Product: Magnetic Fall Protection System

Safety Product: Magnetic Fall Protection System

Total Wins Woodmac's 'Most Admired Explorer' Award

Total Wins Woodmac's 'Most Admired Explorer' Award

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com