Brazil's Petrobras to pay $283 million to settle U.S. court dispute with EIG
ReutersMar 8, 2025 12:22 AM
SAO PAULO, March 7 (Reuters) - Brazilian state-run oil firm Petrobras PETR4.SA 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.
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