Brazil Senate Votes to Limit Petrobras Role in Deep WatersBy and
Legislators voted 40 to 26; bill now goes to lower house
Proposal eliminates company requirement to operate pre-salt
Brazil’s Senate approved legislation that relieves Petrobras of its role as sole operator and mandatory stakeholder in so-called pre-salt deepwater oilfields, potentially allowing the state-run company to direct resources to more profitable operations.
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