French company owns 50% of Petrobras in the Campos Basin

The French company Total took the slice of 50% of Petrobras in the field of Xerelete do Sul, in the Campos basin. Now Total holds 100% of the concession. The transfer was approved by the Administrative Council for Economic Defense (Cade).

In Cade's opinion, Petrobras argues that it decided to leave Xerelete Sul's exploration project, because the asset "was not prioritized in reviewing its portfolio, representing for Total a growth opportunity in Brazil aligned with its strategy Commercial ".

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