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Australian oil company wants to buy Petrobras field in the Santos basin

Written by Renato Oliveira
Published 15/07/2019 às 09:53

Uncategorized

There is
Petrobras receives proposal

It is the second attempt by Petrobras to sell the asset to Karoon, negotiation now entering the approval phase of the board of the Brazilian state-owned company

After the second attempt, Petrobras seems to be finally able to dispose of its stake in the Baúna field, in the shallow waters of the Santos Basin.
Karoon Gas Australia Ltd (Karoon), an oil company based in Melbourne, but with offices in Brazil and Peru, presented the best proposal to acquire the asset.

The information was disclosed this morning (15/07), and Petrobras will dispose of 100% of the asset that is part of the company's divestment plan.
PetroRio was also in the running, but the best proposal was Karoon. Negotiations are now subject to approval by Petrobras' regulatory and management bodies.

second attempt

This is not the first time that Petrobras negotiates with Karoon, the sale of this same area had already been closed between the companies, but an action by the TCU (Tribunal de Contas da União) barred the deal.
The action, at the time, aimed to regulate Petrobras' divestment plan in relation to its assets.

According to Petrobras' statement to the market, the company clarified that: "We clarify that the transaction is still in the approval phase by Petrobras' governance bodies and the subsequent steps will be disclosed to the market in accordance with the company's Divestment System".

the asset

The Baúna field has been producing since February 2013 and had its production peak in that same year, when it produced over 76.000 barrels per day.

The FPSO operating is Cidade de Itajaí, chartered with the Teekay/Ocyan consortium, with a processing capacity of 80.000 barrels per day and the production system consists of six producing wells, three water injection wells and one of gas injection.

Also read here on CPG ! Class Councils coming to an end? Guedes forwards PEC to Congress to try to extinguish the obligation once and for all!

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Renato Oliveira

Production Engineer with a postgraduate degree in Manufacturing and assembly of pipelines with 30 years of experience in inspection/manufacturing/assembly of pipelines/tests/Planning and PCP and commissioning in shipbuilding/offshore (conversion of FPSO's hulls and topsides modules) in the largest national shipyards and 2 years in a Japanese shipyard (Kawasaki) inspecting and accompanying fabrication and assembly techniques of structures/pipes/outfittings (advanced finishing) for hull from Drillships.

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