Petrobras has completed the previously announced sale of shares in several Brazilian fields to France’s Total for $1.95 billion.
The deal was announced as part of the two companies’ Strategic Alliance, signed in March 2017.
As part of the deal, Petrobras has now transferred to Total 35 percent of the rights, as well as the operatorship, of the Lapa field in Block BM-S-9A in the Santos Basin pre-salt, alongside Shell (30%), Repsol-Sinopec (25%) and Petrobras (10%). The Lapa field was put in production in December 2016, via the 100,000 barrel per day capacity Cidade de Caraguatatuba FPSO.
Brazil Energy Insight 
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