US EditionPetrobras Tightens Grip On Brazil’s Top Oilfields As Brasília Trades Future For Cash
3 Articles
3 Articles
Petrobras Tightens Grip On Brazil’s Top Oilfields As Brasília Trades Future For Cash
Key Points Petrobras will pay R$ 6.97 billion ($1.3 billion) this month to raise its stakes in the giant Mero and Atapu pre-salt fields, in an auction where it and Shell faced no competitors. Brasília pockets R$ 8.8 billion ($1.6 billion) now but gives up a slice of highly profitable future output, after pushing through […]
The Brazilian oil company Petrobras and Shell have acquired two units of Mero and Atapu at the oil auction conducted by Pré-Sal Petróleo (PPSA) for a total of R$8,792 million (1,421 million euros), according to Petrobras in a statement.
The Brazilian oil company Petrobras and Shell have acquired two units of Mero and Atapu in the oil auction conducted by Pré-Sal Petróleo (PPSA) for a total of R$8,792 million (€1,421 million), according to Petrobras in a statement. On the one hand, the consortium formed by Petrobras (80%) in partnership with Shell (20%) acquired 3.5% of the contract of distribution of production of the shared area of Mero for R$7,791 million (€1,260 million). At…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
