Union bosses and Petrobras have reached a deal to suspend a two-week national strike campaign.
FUB, an umbrella group for Brazilian oil-workers, temporarily called time on industrial action, which was mounted in protest to spending cuts and asset sales.
Petrobras has since offered workers a 9.53% pay rise.
The strike reduced output in 50 platforms, cutting 115,000 barrels of oil per day.
Chief financial officer Ivan Monteiro said most of the provisions to meet the pay rise had been booked in the firm’s third-quarter results.
FUP has also welcomed a move to create a taskforce within the next 60 days to consider alternatives to job losses.