Brazil's state-run oil company is selling Liquigás, as the unit is known, as part of a US$15.1bn divestment program, which it hopes to conclude next month.
The project will increase Ocensa capacity by 135,000b/d.
The agreement aims to support commercialization and distribution of value-added products.
PetroRio is a Brazilian independent oil producer, best known for the Polvo field in the Campos basin. In this interview, the company's director of corporate projects explains how the company was able to reduce the field's operating costs.