Petrobras signs $58m deal with Brazil regulator to bring wells into compliance

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Brazilian State-run oil firm Petrobras signed an agreement with regulator ANP committing to bring 335 temporarily abandoned offshore wells into compliance with safety and environmental rules, both parties said in separate statements on Tuesday. Under the signed agreement, Petrobras will pay 300-million reais ($58.3-million) to ANP, and has until the end of 2030 to comply with the rules.