Brazil's PRIO has reached an agreement to purchase a stake in the Peregrino oil field for $1.92 billion from China's oil and chemicals firm Sinochem.
Sinochem holds a 40% interest in the field, which is operated by Equinor. The field, which is located in the Campos Basin, started production in 2011.
Click here for PRIO announcement
Source: PRIO
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