Petrobras Signs Agreement to Bring 335 Offshore Wells into Environmental and Safety Compliance by 2030
Brazilian state-owned oil company Petrobras has signed an agreement with Brazil’s oil regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), committing to bring 335 temporarily abandoned offshore wells into compliance with environmental and operational safety regulations.
The agreement, announced by both parties on Tuesday, follows negotiations between Petrobras and the regulator aimed at ensuring the safe management of inactive offshore assets.
Under the terms of the agreement, Petrobras will pay 300 million reais (approximately $58.3 million) to the ANP and has until the end of 2030 to complete all required compliance measures.
Petrobras said it has already brought 233 of the 335 wells into compliance, representing significant progress toward meeting the agreement’s requirements.
The deal forms part of ongoing efforts by the regulator to strengthen environmental protection and operational safety standards across Brazil’s offshore oil and gas sector, while ensuring that temporarily abandoned wells are managed in accordance with regulatory requirements.
