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Brazil: Petrobras signs Sepia and Atapu surplus Agreement
12 Apr 2021
Petrobras has signed an Agreement with the Federal Government, which establishes the stakes in each contract and the amount of compensation to Petrobras in the event of a bid for the
Transfer of Rights´ surplus volumes in the fields of Sépia and Atapu.
The Transfer of Rights Agreement, signed in 2010 between Petrobras and the Federal Government, included the exercise of exploration and production activities in the areas of Sépia and Atapu, with production volumes limited to 500 million barrels of oil equivalent (boe) in Sépia and 550 million boe in Atapu. ....

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