October 14, 2019 / 4:40 PM / a month ago

RPT-CORRECTED-Brazil's Petrobras to pay $50.8 mln reais to PPSA related to Tartaruga basin

(Repeats to additional subscribers)

SAO PAULO, Oct 14 (Reuters) - Brazil’s state-run oil company, Petroleo Brasileiro SA, will pay 210 million reais ($51 million) to government company Pre-Sal Petroleo SA (PPSA) as part of an agreement signed on Monday involving production in the Tartaruga basin.

Petrobras, as the company is known, started exploring the BM-C-26 area of the basin in 2004 under the country’s so-called concession regime. Later, two more oil deposits were found in the basin, one of them outside the area explored by Petrobras.

PPSA said in a statement on Monday that it will collect the 210 million reais from Petrobras related to the government’s share of the oil production in the Tartaruga basin, which is 17.85%.

Proceeds are expected to be passed on to the federal government in November, PPSA added.

$1 = 4.1359 reais Reporting by Gabriela Mello; Editing by Steve Orlofsky

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below