Offshore staff

RIO DE JANEIRO, Brazil – Petrobras has signed a contract assigning CNOOC Petroleum Brasil 5% of its interest in the transfer of rights surplus production-sharing contract for the Búzios field in the deepwater Santos Basin presalt area.

Estimated value of the transaction, which remains subject to government approvals, is $2.12 billion.

On closure, Petrobras will hold an 85% stake in the PSC, CNOOC 10%, and CNODC Brasil Petróleo e Gás 5%.

Stakes in the Búzios shared deposit, including the portions of the transfer of rights agreement and of the BS-500 concession agreement (owned 100% by Petrobras) will be Petrobras 88.9%, CNOOC 7.34%, and CNODC 3.67%s.

3/7/2022