Petrobras signs equalization agreements, to receive $859M from shared fields

Petrobras signed equalization agreements with Shell, TotalEnergies, and Petrogal for the shared Berbigão and Sururu fields in the Santos Basin, following approval of Production Individualization Agreements by Brazil's ANP. The company will receive approximately $859 million, resolving cost-sharing and production allocation. This is a routine commercial settlement, not a market-moving event.