Petobras takes over FPSO P-71 floating platform

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The Brazilian oil company Petrobras takes over a floating platform from Shell Brazil and Petrogal Brazil. The deal involves $353 million.

The so-called FPSO P-71 is still being completed at a shipyard in the South American country. Petrobras also agreed on a new development plan for the Tupi oil field, where the floating platform would originally go.

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Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

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