Brazil's Prio to pay $1.92 bln for Peregrino oil field stake from Sinochem
Add details of the filing in paragraph 2, context of the deal in paragraphs 3-6
SAO PAULO, Sept 26 (Reuters) -Brazilian oil firm Prio PRIO3.SA said on Thursday it has reached an agreement to purchase a stake in the Peregrino oil field for $1.92 billion from China's oil and chemicals firm Sinochem [RIC:RIC:SASADA.UL].
In a securities filing, Prio said the parts have started the process of signing the deal's documents, adding it should be concluded on Friday.
The Brazilian firm had announced on Wednesday anon-binding agreement for the deal, after newspaper Folha de S.Paulo had reported that the firm was looking to close this week a deal valued at as much as $1.9 billion for Sinochem's 40% stake in the field.
Prio, however, had not confirmed the deal's financial terms until now.
State-backed Sinochem has been trying, since 2017, to sell its 40% stake in Peregrino, an offshore field east of Rio de Janeiro, it bought from Norway's Equinor for $3.07 billion in 2010.
Equinor EQNR.OL owns the other 60% stake and operates the field, its largest outside Norway, which last year reached a production of 110,000 barrels of oil per day.
Reporting by Andre Romani; Editing by Aida Pelaez-Fernandez
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