Chevron and Petrobras strike Papa Terra deals

US OIL major Chevron and Brazilian state group Petrobras approved investment of $5.2bn on the Papa Terra oil project in Brazil, to use the first tension-leg platform in the country and a new oil production ship, writes Martyn Wingrove.

The two companies will work together to start producing oil from the large oilfield in the Campos basin, off ...

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