Petroleo Brasileiro SA, as Petrobras is formally known, agreed to sell its 20 percent interests in the Bijupirá and Salema oil and natural gas fields in Brazil’s Campos Basin northeast of Rio de Janeiro to Petro Rio SA for $25 million, according to a statement.
Petro Rio was formerly known as HRT Participações em Petroleo SA. The fields produce an average total of around 22,000 barrels per day of light crude at 28 to 31 degrees on the American Petroleum Institute (API) scale.
Brazil Energy Insight 
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