Petrobras says Entorno de Sapinhoá Block Viable

(Reuters, 20.Jul.2018) – Brazil’s state-controlled oil company Petróleo Brasileiro SA said that areas it operates adjacent to the Entorno de Sapinhoá block in the Santos basin are commercially viable, according to a securities filing on Friday.

Petrobras has a 45 percent stake in Sapinhoá, while Shell Plc has a 30 percent stake and Repsol Sinopec has a 25 percent stake. (Reporting by Carolina Mandl Editing by Chizu Nomiyama)

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