Regulatory News

The National Petroleum Agency (ANP) extended the deadline to December 31 for Petrobras to conclude negotiations and submit the terms for assignment of rights to onshore and shallow water field contracts, part of its divestment process. The deadline was the end of this month, but was extended due to the economic crisis and the Covid-19 pandemic.

The decision refers to 15 areas explored by the state company which were put up for sale to downsize the company and, at the same time, obtain more resources to reduce debts.

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