According to Reuters article published on November 25, 2022, Brazil's state oil firm Petrobras said on Thursday it received 10.3 billion reais ($1.9 billion) from Chinese oil and gas major CNOOC (0883.HK), a payment for a 5% stake in a production sharing agreement at the Buzios oil field.
With this transaction, Petrobras said it will hold an 85% stake while CNOOC's Brazilian unit CBPL will hold 10% and the CNODC Brasil Petroleo e Gas (CNODC) will hold 5%.
Petrobras will hold a 88.99% stake in the Buzios shared deposit, while CBPL will hold 7.34% and CNODC 3.67%, it said it a securities filing.
