What is the nature of Petrobras's new agreement in the Campos Basin, and who are the involved parties?

Petrobras has entered into a deal with Equinor Brasil to acquire a 50% stake in the Itaimbezinho block in the offshore Campos Basin; the resulting consortium will consist of Equinor as operator with 50%, Petrobras with 50%, and the Pre-Salt Petroleum Management Company (PPSA) as manager of the production sharing contract.

What conditions must be met before Petrobras's acquisition of the Itaimbezinho block stake is finalized?

Completion of the transaction is subject to government and regulatory approvals, and the value of the deal was not disclosed in Petrobras's securities filing.

Petrobras to Buy 50% Stake in Campos Basin Offshore Block

Jun 10, 2026

Brazilian oil giant Petrobras will acquire a 50% stake in the Itaimbezinho offshore block from Equinor Brasil. The transaction requires government approval and forms a consortium with Equinor operating the asset.

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Petrobras to Buy 50% Stake in Campos Basin Offshore Block

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