Petrobras signs $58 million deal with Brazil regulator to bring wells into compliance

July 7 (Reuters) – Brazilian ​state-run oil firm Petrobras (PETR3.SA), opens new tab ‌signed an agreement with regulator ANP committing to bring 335 temporarily ​abandoned offshore wells into compliance with ​safety and environmental rules, ⁠both parties said in ​separate statements on Tuesday.

  • Under ​the signed agreement, Petrobras will pay 300 million reais ($58.3 million) to ​ANP, and has ​until the end of 2030 to ‌comply ⁠with the rules.
  • The agreement is a result of negotiations between the oil ​regulator ​and ⁠Petrobras.
  • Petrobras said it has already brought ​233 of the ​335 ⁠wells into compliance.

($1 = 5.1484 reais)

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