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Brazil’s Petrobras to pay $283 million to settle U.S. court dispute with EIG
4:04 CAT | 10 Mar 2025
File photo: Reuters/Sergio Moraes
Brazilian state-run oil firm Petrobras said on Friday its board approved an agreement to settle a U.S. court dispute with EIG Energy Fund XIV, including a $283 million payment by the Brazilian company.
In a securities filing, Petrobras said the amount of the contingency is provisioned in its earnings. The case is related to EIG’s investment in FIP Sondas, a former shareholder of drillship company Sete Brasil.
Source: Reuters
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