Petrobras to increase exposure to bid round

Brazilian player plans to take operatorship and 30% minimum stakes on surplus volumes at Buzios and Itapu

Auction: Petrobras is also allowed to compete for two other fields — Atapu and Sepia — but will do so on equal terms with other bidders — Auction: Petrobras is also allowed to compete for two other fields — Atapu and Sepia — but will do so on equal terms with other biddersPhoto: REUTERS/SCANPIX

Fabio Palmigiani

Rio de Janeiro

Brazil Petrobras Americas South America

Published 22 May 2019, 17:32Updated 22 May 2019, 17:32