Petrobras Terminates $35M Brava Deal for Santos Basin Fields
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Petrobras has terminated a $35 million deal with Brava Energia for the sale of its Santos Basin Fields, Urugua and Tambau. As a result, Petrobras retains ownership of these fields.
December 26, 2024 | 12:15 pm
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Petrobras has canceled its $35 million deal with Brava Energia, retaining ownership of the Santos Basin Fields, Urugua and Tambau. This decision may impact Petrobras's asset management strategy and future revenue from these fields.
The termination of the deal means Petrobras will continue to manage and potentially profit from the Santos Basin Fields. However, the immediate financial impact is neutral as the deal was not completed.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100