By 08:21 GMT, Brent crude had increased to $95.22/bbl, while WTI crude had fallen to $91.11/bbl following previous declines.
The newest episode of the Energy Technology podcast considers how global oil supplies have been impacted by the conflict, and asks who the winners and losers are.
Chevron will transfer its 60% and full ownership interests in Plataforma Deltana Block 21 and Block 32 to Venezuelan entities.
Petrobras holds a 70% working interest as operator in block C-M-477, with bp possessing the remaining 30%.
The agreement will maintain the rig's operations until November 2030.
The C-1 well is located in Block M47C3,C4 in Şırnak Province.
