Exploration & Production

Petrobras and CNPC discuss strategic partnership

Petrobras has signed a heads of agreement with CNPC to advance negotiations on a strategic partnership.
By Staff reporter 5 July 2018 0 31626

Petrobras has signed a heads of agreement with China National Petroleum Corp. (CNPC) to advance negotiations on a strategic partnership, the Brazilian state-owned company said on Wednesday.

The agreement defines the assets within the scope of the partnership, including the troubled Comperj petrochemical and refinery project in Rio de Janerio and some of Brazil’s largest legacy fields at the offshore Marlim cluster.