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Petrobras buys Petronas’ half of two Brazilian offshore fields for $450 million, gaining full control.
Petrobras has acquired Petronas’ 50% stake in Brazil’s Tartaruga Verde and Espadarte Module III offshore fields for $450 million, restoring full ownership and operational control.
The deal, pending ANP approval, involves payments totaling $450 million with adjustments based on performance since July 2025.
The fields, producing about 55,000 barrels per day in deepwater waters, are part of Petrobras’ strategy to focus on high-return deepwater assets.
The transaction marks Petronas’ partial exit from Brazil as it shifts investments to higher-growth areas.
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Petrobras compra a Petronas la mitad de dos campos marinos brasileños por $ 450 millones, obteniendo el control total.