Petrobras Buys Petronas Stake for $450M

2026-03-17 - 13:20

Key Points — Petrobras exercised its pre-emption right to acquire Petronas’ 50% stake in the Tartaruga Verde and Espadarte (Module III) fields for $450 million, restoring full ownership — The move overrides a January agreement between Petronas and independent producer Brava Energia for the same assets at the same price — The Campos Basin fields