Suspended sale of oil fields for Total

The sale of Petrobras ' holdings to Total in the Iara and Lapa, in the pre-salt Santos basin, had suspension injunction granted by Federal Judge of the third Federal Court of Sergipe, Edmilson Pimenta. According to pepper, the State could have done, even strategic partnership with a private company without competitive bidding, because it is a national heritage.

The transaction between the companies had been negotiated in March as strategic alliance, where the Total would pay the view to Petrobras, the value of $ $1.675 billion, to a total of $ $2.225 billion, along with a line of credit in the amount of $ $400 million , representing part of Petrobras ' investments in the fields of Iara area, plus contingent payments of US $ $150 million.

The sale process for Total E&P Brazil was equivalent to 22.5% of Petrobras ' participation in the concession area named Iara (fields of Sururu, Cockles and Atapu) in block BM-S-11, and 35% sale of Petrobras ' participation in the concession area of the field of Lapa.

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