Petrobras relinquishes Brazil field that never produced one drop of oil

Catua was estimated to hold 993.8 million barrels of oil in place

Halt: Petrobras chief executive Jean Paul Prates — Halt: Petrobras chief executive Jean Paul PratesPhoto: AFP/SCANPIX

Fabio Palmigiani

Rio de Janeiro

Brazil Petrobras Campos basin PRIO Americas

Published 6 September 2023, 12:51Updated 6 September 2023, 12:51