Petrobras Makes R$ 950 Million Payment to Settle Disputes With Petros Over Sete Brasil

Written by Roberta Souza

Published on 11/08/2020 at 10:20

Foto: reprodução

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Petrobras Informed CVM About Payment of R$ 950 Million to Petros, Regarding Issues Related to Investments in Sete Brasil

Petrobras informed in a statement sent to the Securities and Exchange Commission (CVM) that it made yesterday, the 10th, a payment to the Petrobras Social Security Foundation (Petros), in the amount of R$ 950 million.

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“The agreement extinguished the litigation without acknowledgment of guilt or responsibility by either party and does not affect other lawsuits or arbitrations involving the parties, nor other litigations involving the investment in Sete Brasil”, the company states. “Petrobras remains in defense of its interests in ongoing processes.”

Petrobras Grants Sete Brasil More Time to Comply With Liquidation Terms

Petrobras extended the deadline for certain conditions of an agreement with Sete Brasil related to a charter and also regarding the termination of contracts for 24 drilling platforms. It also stated that its executive board postponed the deadline for the agreement between the two companies from June 30, 2020, to September 30, 2020.

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Petrobras Makes R$ 950 Million Payment to Settle Disputes With Petros Over Sete Brasil

Petrobras Informed CVM About Payment of R$ 950 Million to Petros, Regarding Issues Related to Investments in Sete Brasil

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Petrobras Grants Sete Brasil More Time to Comply With Liquidation Terms

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Petrobras Makes R$ 950 Million Payment to Settle Disputes With Petros Over Sete Brasil

Petrobras Informed CVM About Payment of R$ 950 Million to Petros, Regarding Issues Related to Investments in Sete Brasil

See Also Other News:

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Petrobras Grants Sete Brasil More Time to Comply With Liquidation Terms

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

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