Petrobras to Pay $283mn to EIG Energy to Settle Sete Brasil Lawsuit

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 7.Mar.2025) — Petrobras‘ Board of Directors approved the settlement agreement to resolve the lawsuit with EIG Energy Fund XIV, LP and others.

Under the terms of the agreement, Petrobras will pay $283mn, while EIG will request the dismissal of the lawsuit and release any rights related to the dispute, Petrobras announced 7 Mar. 2025 in an official statement.