Fetching News Details

Petrobras to get $9 billion in settlement
April 11, 2019
Source: World Oil

Petrobras to get $9 billion in settlement

Brazilian state-run Petrobras has agreed to settle a deepwater contract dispute with the Government of Brazil in a whopping compensation amount of $9 billion. The settlement has come as the government seeks to access extra reserves in Transfer of Rights (TOR) area. In 2010, the Brazilian government transferred the 5 billion bbl of undeveloped reserves under the TOR contract to Petrobras for a cost of $8.51/bbl.

   Read More About : Brazil Petrobras UPSTREAM
⬅ all news

Please Login to Save News for Later