11:45 AM EDT, 06/10/2026 (MT Newswires) -- Petroleo Brasileiro (PBR) agreed to acquire a 50% stake in the Itaimbezinho block in the offshore Campos Basin in southeastern Brazil from Equinor ( EQNR ) unit Equinor Brasil Energia for an undisclosed amount.

Upon completion, the consortium will comprise Equinor ( EQNR ) as operator with a 50% stake, Petrobras with 50%, and Pre-Sal Petroleo as manager of the production-sharing contract. Closing is subject to regulatory approvals, Petrobras said Wednesday in a statement.

The partnership builds on Petrobras' existing joint developments with Equinor ( EQNR ) in the basin, including the Raia project and the Jaspe exploration license.

Petrobras shares rose 2.6% in Wednesday trading, and Equinor ( EQNR ) gained 2.7%.

Price: 18.28, Change: +0.45, Percent Change: +2.55