Petrobras Signs 3-Year Deal With RINA for Subsea Asset Management

Impact · against what's priced in

The contract with RINA is fundamentally immaterial for Petrobras. A €11 million expenditure over three years is negligible relative to the company's scale of operations and capital expenditure.

PBR+0.00

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In context

The €11 million contract for subsea asset management is insignificant compared to the company's multi-billion dollar annual CAPEX and does not shift the valuation.

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• energy
• oil
• infrastructure
• PBR
• brazil
• decommissioning
• maintenance
• offshore

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