Business · Companies · 1 hr ago
Petrobras to receive about $859 million under pre-salt agreements
Petrobras says it will receive about $859 million under agreements with three partners.
The partners are Shell, TotalEnergies and Petrogal, which work with Petrobras in the BM-S-11A consortium.
The agreements cover adjustments to shared costs and production volumes.
They concern the Berbigão and Sururu fields, which are shared deposits in Brazil’s Santos Basin pre-salt region.
Pre-salt refers to oil reserves beneath a thick layer of salt deep below the seabed.
The payment follows the partners’ agreements to balance costs and volumes for the fields.
Petrobras says it will receive the money, but no further timing or next steps are stated.
Petrobras said it will receive about $859 million under agreements with partners in a pre-salt consortium.
The agreements concern the equalization of expenses and volumes.
The partners are Shell, TotalEnergies and Petrogal.
The consortium involves the shared Berbigão and Sururu fields in the Santos Basin.
- Who
- Petrobras will receive the payment from agreements with Shell, TotalEnergies and Petrogal.
- What
- Petrobras will receive about $859 million under agreements to equalize expenses and volumes.
- When
- The announcement was published on October 14, 2026. The agreements’ signing date is not stated.
- Where
- The agreements relate to the Berbigão and Sururu fields in the Santos Basin.
- Why
- The agreements equalize expenses and volumes.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Payment
- About $859 million
- Consortium
- BM-S-11A
- Partners
- Shell, TotalEnergies and Petrogal
- Fields
- Berbigão and Sururu
- Basin
- Santos Basin
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What people are saying
Petrobras said it will receive about $859 million after signing agreements to equalize expenses and volumes with Shell, TotalEnergies and Petrogal, partners in the BM-S-11A Consortium, which involves the shared Berbigão and Sururu fields in the Santos Basin.