Petrobras has agreed to PetroRio taking over its remaining 30% in the Frade field for USD 100 MM + a contingent USD20 MM*. Frade lies in deepwaters of the Campos Basin and is now wholly-owned by PetroRio.   * an additional USD 20 MM will be due contingent to a potential new oil discovery not included in the previously disclosed Frade revitalisation plan.
Petrobras (->0%) has agreed to PetroRio (->100%) taking over its remaining 30% in the Frade field for US$120 MM.