Ivan Monteiro made the claim at a press conference called to announce a $2.5 billion block sale to Norway’s Statoil.
The deal covers Petrobras’s entire 66% operating stake in Santos basin Block BM-S-8, where the Carcara pre-salt field was discovered in 2012.
Petrobras agreed to accept payment in two equal installments, the second made contingent on subsequent events, such as the signing of an effective unitisation agreement with the future owner of reserves falling outside the current concession on what is today open acreage.
It