Petrobras agreed to take half of Equinor's Itaimbezinho block in the Campos Basin, deepening a partnership as Brazil's oil giant hunts for new reserves.
Energy · Brazil
Key Facts
—The deal. On June 10 Petrobras agreed to buy half of the Itaimbezinho exploration block from Norway’s Equinor.
—The split. Equinor stays as operator with the other half, and a state body manages the production-sharing contract.
—The place. The block lies offshore in the Campos Basin, a veteran oil region off Brazil’s southeast coast.
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