Petrobras has finalized the sale of its 35% stake in the Parque das Conchas (BC-10) offshore project for $ 1.6 billion.
In August 2013, Petrobras signed an agreement to sell its 35% stake in the block, subject to government approval and the preemptive rights of its partners.
Shell and ONGC Videsh bought out Petrobras, acquiring stakes of 23% (Shell) and 12% (ONGC Videsh).
After the approval of the Brazilian Petroleum Agency (ANP), granted on December 18th, the sale was finalized on December 30th, 2013.
In 2013, the contribution of BC-10 to Petrobras average oil production volume was 8,600 barrels of oil per day.