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flag Petrobras buys Petronas’ half of two Brazilian offshore fields for $450 million, gaining full control.

flag 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. flag The deal, pending ANP approval, involves payments totaling $450 million with adjustments based on performance since July 2025. flag The fields, producing about 55,000 barrels per day in deepwater waters, are part of Petrobras’ strategy to focus on high-return deepwater assets. flag The transaction marks Petronas’ partial exit from Brazil as it shifts investments to higher-growth areas.

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