Brazilian state-owned energy giant Petrobras has signed on the dotted line to buy out Petronas Petróleo Brasil Ltda. (PPBL), a subsidiary of Malaysia’s energy giant Petronas, and secure sole ownership of two assets in the Campos Basin off the coast of Brazil.

Brazil Campos Basin FPSO Cidade Goytacazes Module Espadarte Petronas Petr Brasil Ltda Tartaruga Verde National Agency of Petroleum Natural Gas Santos Basin Offshore Energy PPBL