Brazilian Authority Approves Sale of Block C-M-535 from Peterobras

The Brazil Antitrust Authority approved, without restrictions, the purchase by BP Energy of 65% participation of Block C-M-535, located in the Campos Basin, from Petrobras. BP already held a 35% participation of the block. BP participates in 17 oil concessions in Brazil, onshore and offshore.

Sale still needs to be approved by the ANP, the National Petroleum Agency.

 

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