December 18, 2017 / 12:55 PM / 3 months ago

Petrobras CEO expects $2.9 billion oilfield deal with Statoil to be looked at by Brazilian court

OSLO (Reuters) - A transaction between Statoil and Petrobras that could be worth up to $2.9 billion will likely be scrutinized by Brazil’s Federal Court of Accounts (TCU), the CEO of Petrobras said on Monday.

A tank of Brazil's state-run Petrobras oil company is seen in Brasilia, Brazil, August 31, 2017. REUTERS/Ueslei Marcelino

“It may be delayed a bit, but it will not stop the process,” Pedro Parente told reporters.

Statoil agreed to buy a 25-percent stake in Roncador, one of the country’s largest oilfields on Monday. The transaction will take effect from Jan. 1 and is subject to approval in Brazil.

Reporting by Nerijus Adomaitis, writing by Gwladys Fouche, editing by Terje Solsvik

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