Petrobras to buy 50% stake in Campos Basin offshore block
10/06/2026 13:03
Petrobras to buy 50% stake in Campos Basin offshore block SAO PAULO, June 10 (Reuters) - Brazil's state-run oil firm Petrobras PETR3.SA said on Wednesday it has entered into a deal with Equinor Brasil to acquire a 50% stake in the Itaimbezinho block in the offshore Campos Basin.
The consortium will comprise Equinor as operator with 50%, Petrobras with 50%, and PPSA as manager of the production sharing contract, Petrobras said in a securities filing.
The value of the deal was not disclosed. Completion of the transaction is subject to government and regulatory approvals, Petrobras said.
(Reporting by Isabel Teles; Editing by Andrew Heavens)
((isabel.teles@thomsonreuters.com; +55 11 91033 3602))
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