Petroleo Brasileiro SA (PETR4) took over Royal Dutch Shell Plc. (RDSA)’s 40 percent stake in the BM-S-45 exploration block in the Santos Basin, Brazil’s oil regulator announced on its website.
The oil regulator, known as ANP, didn’t announce the terms of the deal.
To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at email@example.com
To contact the editor responsible for this story: Peter Millard at firstname.lastname@example.org