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Home The Exploration and Production Industry Midwest Oil and Gas buys Petrobras onshore field in Sergipe

The Exploration and Production Industry Midwest Oil and Gas buys Petrobras onshore field in Sergipe

6 from 2020 to 13 at 23: XNUMX
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The Exploration and Production Industry Midwest Oil and Gas buys Petrobras onshore field in Sergipe

Petrobras earned US$37,6 million with the sale of the Dó-Ré-Mi onshore oil field, in the Sergipe lagoon, to Centro Oeste Oil and Gas

Petrobras informed yesterday (05/08) that it sold to the Exploration and Production Industry Centro Oeste Oil and Gas, its participation in the onshore field of Dó-Ré-Mi, located in the Sergipe-Alagoas Basin, in the state of Sergipe. The largest manufacturer of baking soda in Latin America installs a new Industrial Pole in Bahia and generates many job openings

According to the Petrobras report, the sale price is US$ 37,6, to be paid by Centro Oeste Oil and Gas in a single installment upon signing the contract.

The closing of the transaction is subject to the fulfillment of conditions precedent. Among them are the non-exercise of preemptive rights by the current consortium member Petrogal Brasil SA and the approval by the ANP (National Agency of Petroleum, Natural Gas and Biofuels).

Petrobras' disclosure is in line with the company's divestment guidelines. Just as it is in accordance with the provisions of the special procedure for the assignment of rights for exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355/2018.

Check vacancies and news related to Petrobras and the State of Sergipe

According to Petrobras, this operation is in line with the strategy of optimizing the portfolio and improving the allocation of the company's capital. companhia. As a result, the company increasingly focuses its resources on deep and ultra-deep waters. This is the niche in which Petrobras has demonstrated a great competitive edge over the years.

About the Dó-Ré-Mi oil field in Sergipe

Petrobras claims that the Dó-Ré-Mi field is part of the BT-SEAL-13 concession. It also includes the Rabo Branco field, which is not included in this sale.

The concession is located south of the Carmópolis field, in the Sergipe-Alagoas Basin, in Sergipe. But Petrobras only has a 50% stake in the Dó-Ré-Mi field, in partnership with Petrogral Brasil SA It is the operator and holds the remaining 50%. The Dó-Ré-Mi field has two gas discovery wells without commercial production.

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