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Petrobras makes its largest-ever upstream sale

iStock.com/AlexLMX

Vinson & Elkins LLP in London and Washington, DC, and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in Rio de Janeiro helped Norwegian oil and gas company Statoil acquire a 25% stake in Petrobras’ third-largest oil field for US$2.9 billion.