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.

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.

The teaser, which contains the key information about the opportunity, as well as the eligibility criteria for selecting potential participants, is available on Petrobras’ Investor Relations website.

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.