Petroleo Brasileiro SA (BMFBOVESPA:PETR3) said it received R$2.7 billion from Brazil’s diesel subsidy program and signed a R$300 million contract to remediate the remaining 102 temporarily abandoned offshore wells by end-2030, after 233 of 335 wells were already addressed.
Previous Week Recap
- Petróleo Brasil Receives Subsidy: Petroleo Brasileiro SA (PETR3) reported receiving 2.7 billion reais from Brazil’s diesel subsidy program, recorded in its regulatory filing.
- Petróleo Brasil Remediation Deal: Petroleo Brasileiro (PETR3) signed a R$300M deal to remediate 102 remaining temporarily abandoned offshore wells by end-2030; 233 of 335 wells already remediated, contract covers remaining work.
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