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On the Last 12th, Petrobras Confirmed the Sale of Polo Norte Capixaba, the Main Onshore Oil Production Field in Espírito Santo, to Norwegian Seacrest Petróleo.
The Objective of the European Company is to Invest in the Expansion of Production and the Efficiency of the Fields in the North of the State, in São Mateus, Jaguaré, Linhares, and Conceição da Barra, Through the Injection of Resources Estimated at at Least US$ 400 Million by 2027.
The Seacrest Had Already Invested US$ 699 Million in the Acquisition of the Fields, in a Transaction that Generated Great Expectation and Went Through Technical and Bureaucratic Reviews Before Being Confirmed. Now, the Uncertainties Have Been Dispelled, and the Company Can Unveil Its Plans for Future Investments in Oil in the North of ES.
Betting on Efficiency
The Expectation of Seacrest Petróleo is to Increase Efficiency and Production in the Cricaré and North Capixaba Fields. The Company Tripled Production in the Cricaré Field Since Taking Over Operations, Increasing from 700 to 2,400 Barrels of Oil Equivalent/Day. In the North Capixaba Field, Current Production is 4,500 Barrels/Day and is Also Expected to Increase After Investments.
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To Improve Efficiency and Increase the Recovery Factor of the Fields, Currently at 17%, Seacrest Will Use New Techniques and Invest in Advanced Equipment. The Intention is to Maximize the Oil Resources, Ensuring Greater Productivity and Profitability.
Hiring and Production Increase
Since Taking Over the Onshore Oil Fields, Seacrest Petróleo Has Increased Its Production Capacity and Invested in Hiring. In the Cricaré Field, for Example, the Company Grew from 250 Workers at the Beginning of 2022 to About 600 by Year-End, Including Direct and Contract Workers.
With the Projected Investments, There is Expectation for a Significant Increase in Oil Production, Which Could Boost the Local Market and Create New Jobs in the Region.
The Sale of the North Capixaba Field by Petrobras to Seacrest Petróleo Was an Investment Opportunity in the Region, Promising Increased Production and Jobs. From Now On, the Expectation is that the Company Will Use Its Expertise and Technology to Make the Onshore Oil Fields of Espírito Santo More Efficient and Productive. With Investments Estimated at US$ 400 Million by 2027, Seacrest Petróleo Has Ambitious Plans for the Oil Market in the North of ES.
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