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Brazil upstream news

SBM Offshore signs FPSO LOI with Petrobras

SBM Offshore has signed a letter of intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 26.25-year lease and operate contract for the FPSO Almirante Tamandaré in Rio de Janeiro, Brazil.

 
 

Petrobras concludes sale of Frade field

Petrobras has completed the sale of its 30% participation in the Frade field, located in the Campos Basin, to PetroRio Jaguar Petróleo Ltda.