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Petrobras to pay $450 million for full ownership of key Campos basin oil fields

Petrobras to pay $450 million for full ownership of key Campos basin oil fields

by Offshore Reporter | Mar 17, 2026 | Offshore

Petrobras plans to acquire Petronas’ 50% stake in the Tartaruga Verde and Espadarte Module III fields in Brazil’s Campos basin for $450 million, consolidating full ownership and strengthening its offshore production portfolio.

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Petrobras to pay $450 million for full ownership of key Campos basin oil fields

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