Petrobras, government negotiating subsalt price

摘要

Rio de Janeiro-Petrobras and the Brazilian government are still haggling over the final price to be paid for rights to produce 5 billion barrels of crude under a 2010 oil-for-shares swap, the state-led company said Thursday. “The contract contains risk-reduction mechanisms for Petrobras, expressed in the form of guarantees for the volume to be produced in the various areas as well as equivalent value to be paid,” Petrobras said in a regulatory filing. In 2010, Petrobras paid the equivalent of $8.51/b for the development rights.