Brazilian Oil And Gas Giant Petrobras Initiates Sale Process Of Its Entire Stake In The Catuá Deepwater Field In The Campos Basin

Written by Flavia Marinho

Published on 25/10/2021 at 09:46

Updated on 25/10/2021 at 09:50

Plataforma de petróleo e gás com funcionários e terceirizados Petrobras / Imagem Google

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Petrobras Begins Sale of Catuá Field, Located in the Campos Basin. The Route is Located About 128 km from the Coast at Water Depths Ranging from 1,700 to 1,950 m.

Petrobras informed last Friday (22) that it has started the opportunity disclosure stage (teaser) regarding the sale of its entire stake (100%) in the Catuá Field, belonging to the exploratory block BC-60, in the state of Espírito Santo. The route is located about 128 km from the coast, at water depths ranging from 1,700 to 1,950 m.

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This transaction aligns with the company’s strategy for portfolio optimization, debt reduction, and improved capital allocation, as it increasingly concentrates its resources in world-class deep and ultra-deep water assets.

The concession contract refers to the exploratory concession of Block BC-60, acquired in the Zero Round of the National Agency of Petroleum, Natural Gas, and Biofuels (ANP). This contract has Petrobras as the operator and includes other fields beyond Catuá, which will not be part of the current rights transfer process.

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About the Catuá Oil and Gas Field in the Campos Basin

It is a deep-water field, discovered by Petrobras in 2003, with no production. The commercial declaration was made in 2006. There are four drilled wells in the field where light oils were found in carbonate deposits, according to Petrobras.

Earlier this month, Petrobras also announced the sale of its stake in a company that holds interests in 15 offshore fields in the Gulf of Mexico. Specifically, Petrobras is selling its entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico (MPGoM), located in Texas.

MPGoM has an operator or non-operator interest in 15 offshore fields in the Gulf of Mexico, along with an interest in the St. Malo hosting platform operated by Chevron.

Brazilian Oil And Gas Giant Petrobras Initiates Sale Process Of Its Entire Stake In The Catuá Deepwater Field In The Campos Basin

Petrobras Begins Sale of Catuá Field, Located in the Campos Basin. The Route is Located About 128 km from the Coast at Water Depths Ranging from 1,700 to 1,950 m.

Read Also

About the Catuá Oil and Gas Field in the Campos Basin

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Brazilian Oil And Gas Giant Petrobras Initiates Sale Process Of Its Entire Stake In The Catuá Deepwater Field In The Campos Basin

Petrobras Begins Sale of Catuá Field, Located in the Campos Basin. The Route is Located About 128 km from the Coast at Water Depths Ranging from 1,700 to 1,950 m.

Read Also

About the Catuá Oil and Gas Field in the Campos Basin

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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