Petrobras set to be awarded more than a billion barrels of oil in bid to settle dispute

Petrobras set to be awarded more than a billion barrels of oil in bid to settle dispute
Brazilian authorities are likely to grant troubled state oil firm Petrobras between a billion and two billion barrels of oil in a bid to settle a long-running dispute about offshore reserves, according to Reuters citing a Brazilian newspaper source. Talks about the so-called “transfer of rights” area in a part of the oil-rich pre-salt layer […] ... read more
Source: Splash 247Published on 2018-05-17
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