Petrobras agrees to new negotiations with Sete Brasil

Petrobras agrees to new negotiations with Sete Brasil

Corporate & Sovereign Strategy Economy & Policy Equity Funds Project & Infrastructure Finance Energy Gas Brazil Latin America

Brazil's state-owned oil company Petrobras said it agreed to open new negotiations with Sete Brasil after the pre-salt oil rig operator said it could not fulfill "certain conditions" in a previous out-of-court settlement intended to help conclude bankruptcy proceedings. Sete Brasil reached the agreement with Petrobras in March 2018, but it has now requested a new round of talks, the state-owned oil company said in a securities filing late Tuesday. Sete Brasil was created in 2010 to build drillin

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