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Stock impact report

Petrobras Signs Concession Contracts for Blocks in the Pelotas Basin [Yahoo! Finance]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Yahoo! Finance
Per the terms of the agreement, Petrobras will become the operator of these blocks, holding a 70% stake. The remaining 30% stake will be held by Shell. These contracts were awarded by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023. The contracts were made available in a public session conducted by the ANP under the fourth Permanent Concession Offer Cycle in Brazil. The contract includes blocks like P-M-1277, P-M-1279, P-M-1281, P-M-1361, P-M-1363, P-M-1441, P-M-1443, P-M-1357, P-M-1359, P-M-1439, P-M-1516, P-M-1518, P-M-1595, P-M-1597, P-M-1793, P-M-1795, P-M-1838, P-M-1840, P-M-1520, P-M-1522, P-M-1599, P-M-1674, P-M-1676, P-M-1678, P-M-1743 and P-M-1799. These blocks are located in the Pelotas Basin, off the southern coast of Brazil. Furthermore, PBR has secured three more blocks under the fourth Permanent Concession Offer Cycle in partnership with Shell and CNOOC. The contracts for these blocks will be signed later according to the ANP's tim Show less Read more
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