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3R Petroleum buys Petrobras fields in the Potiguar Basin, in the state of Ceará

Written by Flavia Marinho
Published 15/08/2020 às 08:52
3R Petroleum buys Petrobras fields in the Potiguar Basin, in the state of Ceará
The onshore fields in the Potiguar Basin, located in the state of Ceará, where Petrobras holds a 100% stake.

The Complex comprises the onshore fields of Fazenda Belém and Icapuí, located in the state of Ceará, where Petrobras holds a 100% stake.

Petrobras informed, yesterday (14/08), that it signed with SPE Fazenda Belém, a subsidiary of 3R Petroleum, a contract for the sale of its entire stake in the onshore fields of Fazenda Belém and Icapuí, the Polo Fazenda Belém, in the Potiguar Basin, in Ceará.  Resume registration in all functions for job openings at Petrobras nitrogen fertilizer factories in Bahia and Sergipe (Fafen), today, August 14

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The value of the sale is US$ 35,2 million, says a note from the state-owned company released today. Of this amount, US$ 8,8 million were paid this Friday, adds the oil company. Another US$ 16,4 million will be paid at the closing of the transaction. Ultimately, US$10 million will be paid within twelve months of closing the transaction.

“The values ​​do not consider the adjustments due and are subject to the fulfillment of conditions precedent, such as approval by the National Petroleum, Natural Gas and Biofuels Agency (ANP)”, recalls Petrobras.

"The operation is in line with the strategy of optimizing the portfolio and improving the allocation of the company's capital, starting to concentrate its resources in deep and ultra-deep waters", adds the statement.

The Polo Fazenda Belém

The Complex comprises the onshore fields of Fazenda Belém and Icapuí, located in the state of Ceará, where Petrobras holds a 100% stake.

“The average production of the Polo Fazenda Belém from January to June 2020 was approximately 803 barrels of oil per day (bpd), informs Petrobras.

Other projects in the Potiguar Basin

3R Petroleum plans to invest US$ 200 million over the life cycle of the fields at Polo Macau – a set of assets purchased from Petrobras also in the Potiguar Basin, Rio Grande do Norte.

In a live interview with epbr, the CEO Ricardo Savini, explained that the pandemic forced the company to postpone investment plans to 2021, but the improvement in the market could allow work to start in the second half of this year.

The current plan foresees the drilling of 46 wells, 31 workover services in existing wells and the construction of infrastructure for oil separation and processing and water injection. Savini explains that there is a 5-year window for more intense investments in the fields.

In the first two years of operation, the oil will be sold to Petrobras, in a contract signed with the purchase of assets. Polo Macau encompasses the fields of Aratum, Serra, Salina Cristal, Lagoa Aroeira, Porto Carão, Sanhaçu and Macau itself.

Flavia Marinho

Flavia Marinho is a Production Engineer with a postgraduate degree in Electrical Engineering and Automation, with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of industry, oil and gas, energy, shipbuilding, geopolitics, jobs and courses, with over 7 thousand articles published. Her technical expertise and communication skills make her a respected reference in her field. Contact us to suggest topics, advertise job openings or propose advertising on our portal.

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