BP PLC has signed a memorandum of understanding (MoU) with Petroleo Brasileiro SA (Petrobras), to explore areas of cooperation.
Through this strategic alliance, Petrobras and BP have committed to exploring potential joint commercial agreements in areas of mutual interest in upstream, downstream, trading and across low carbon initiatives, inside and outside Brazil. The alliance is also expected to include the transfer of technology, as well as joint training and research.
“Our partnership is based on common values and business principles that guide both companies. We started by joining forces in the last bidding rounds and now we are working to expand the partnership further, beyond upstream,” said Pedro Parente, president of Petrobras.
BP PLC has signed a memorandum of understanding (MoU) with Petroleo Brasileiro SA (Petrobras), to explore areas of cooperation.
Through this strategic alliance, Petrobras and BP have committed to exploring potential joint commercial agreements in areas of mutual interest in upstream, downstream, trading and across low carbon initiatives, inside and outside Brazil. The alliance is also expected to include the transfer of technology, as well as joint training and research.
“Our partnership is based on common values and business principles that guide both companies. We started by joining forces in the last bidding rounds and now we are working to expand the partnership further, beyond upstream,” said Pedro Parente, president of Petrobras.
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