Petrobras says Chinese partners to pay US$2.94b in Buzios field surplus
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[RIO DE JANEIRO] Brazilian state-run oil firm Petroleo Brasileiro SA said on Friday that its Chinese partners in the Buzios pre-salt oil field will have to pay it US$2.94 billion for its investment in exploration under the TOR rights to surplus oil found there.
Petrobras said in a securities filing that Brazilian oil regulator ANP still has to approve the estimates of payment by China National Offshore Oil Corp (CNOOC) and China National Oil and Gas Exploration and Development Corp (CNODC), which have a 10 per cent stake in the surplus output of the productive Santos basin field.
REUTERS
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