Petrobras gives Sete Brasil more time to fulfill settlement terms

Brazilian oil major Petrobras has prolonged the deadline for certain conditions of an agreement and settlement with Sete Brasil related to a charter of four and termination of contracts for 24 drilling rigs.

Petrobras said on Wednesday that its executive board pushed back the deadline for the agreement between the two companies from 30 June 2020 to 30 September 2020.

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