Petrobras has signed an agreement with Brazilian regulator ANP to bring 335 temporarily abandoned offshore wells into compliance with safety and environmental rules. The company will pay 300 million reais, approximately 58 million dollars, to ANP and has until the end of 2030 to meet the requirements. Petrobras stated it has already brought 233 of the 335 wells into compliance. Separately, Oceaneering International has expanded its collaboration with Petrobras through a four-year contract for remotely operated vehicle services, covering two work-class ROVs and specialized tooling packages for monitoring and positioning support.
Petroleo Brasileiro Petrobras SA ADRPetrobras must pay $58M and comply with safety rules for 335 wells by 2030, incurring costs and regulatory burden.
Oceaneering International IncOceaneering secured a four-year contract with Petrobras for ROV services, expanding collaboration.