Petrobras signs $58 million deal with Brazil regulator to bring wells into compliance (updated)
UPDATE 1-Petrobras signs $58 million deal with Brazil regulator to bring wells into compliance Updates with Petrobras statement
RIO DE JANEIRO, July 7 (Reuters) - Brazilian state-run oil firm Petrobras PETR3.SA signed an agreement with regulator ANP committing to bring 335 temporarily abandoned offshore wells into compliance with safety and environmental rules, both parties said in separate statements on Tuesday.
Under the signed agreement, Petrobras will pay 300 million reais ($58.3 million) to ANP, and has until the end of 2030 to comply with the rules.
The agreement is a result of negotiations between the oil regulator and Petrobras.
Petrobras said it has already brought 233 of the 335 wells into compliance.
($1 = 5.1484 reais)
(Reporting by Marta Nogueira in Rio de Janeiro and Andre Romani in Sao Paulo; Editing by Kylie Madry)
((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))
Recent news on Petroleo Brasileiro SA Petrobras
See all newsBrief: Petrobras receives 2.8 billion reais related to Brazil gasoline, diesel subsidy
Brief: Petrobras to receive $859 million after equalization agreements over Berbigao, Sururu
Brief: Oceanica signs 354 million-real contract to provide services to Petrobras
Brazil's Flavio Bolsonaro vows to keep pension increases above inflation rate
Brazil's Petrobras secures 12 blocks auctioned in Campos basin for $592 million