Markets

Brazil's Petrobras ceases participation in several oil fields

Published November 28, 2018 Updated November 28, 2018 01:14pm

The company said it had reached a $370 million deal with Perenco to cease its operations in the Polo Nordeste. It also said it had granted oil company 3R Petroleum a 40-year concession to operate 34 oil fields in Bacia Potigar, in a deal worth $453 million.

Copyright Reuters, 2018