Petrobras Receives $298 Million and Sells 11 Oil and Gas Production Concessions to Carmo Energy

Written by Paulo Nogueira

Published on 11/01/2024 at 01:15

Updated on 11/01/2024 at 10:10

A Carmo Energy comprou o ativo em dezembro de 2021, por US$ 1,1 bilhão. Foto: Governo de Sergipe – Todos os direitos: EPBR

Seja o primeiro a reagir!

Divestment Program Includes Development Plan for Oil Production in Onshore Fields in the Carmópolis Pole.

Today, Petrobras announced that it has completed the receipt of US$ 298 million related to the sale contract of Carmópolis Pole (SE) to Carmo Energy. The amount includes adjustments and overdue charges due and represents the final installment of the sale agreement, which was due on December 20 of last year.

Carmópolis Pole is an important oil exploration field located in Sergipe. The sale to Carmo Energy is part of Petrobras‘ divestment and cost-reduction strategy aimed at strengthening its operations in other strategic areas. With the completion of the payment, the company reinforces its financial position and continues moving toward new challenges and growth opportunities.

Expansion of Carmópolis Pole by Carmo Energy

Carmo Energy acquired the asset in December 2021 for a significant amount of US$ 1.1 billion. According to information from Petrobras, a total of US$ 275 million was paid as a sign at the time, and the other US$ 548 million was disbursed in December of last year, closing date of the transaction.

ARTICLE CONTINUES BELOW

Petrobras Divestment and Development Program

The field was included in Petrobras’ divestment program during the government of Jair Bolsonaro.

Carmópolis is known as the largest onshore field in Brazil, with an original volume of 1.76 billion barrels of oil equivalent. In addition, it is the oldest in Sergipe, having started production in 1963.

In 2017, after reviewing the field’s development plan, Petrobras projected that the recovery factor could reach 32%.

0 Comentários

Mais recente

Mais antigos Mais votado

Feedbacks

Visualizar todos comentários

Petrobras Receives $298 Million and Sells 11 Oil and Gas Production Concessions to Carmo Energy

Divestment Program Includes Development Plan for Oil Production in Onshore Fields in the Carmópolis Pole.

Expansion of Carmópolis Pole by Carmo Energy

Petrobras Divestment and Development Program

China has been trying for 13 years to build a railway in the Gobi Desert to reach Mongolia, and there are still 20 kilometers left that no one can finish due to a problem that seems impossible to solve.

With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

Goodbye expensive popular car: electric vehicle for less than R$ 70,000 starts being sold in Brazil with a range of 200 km and targets those looking to escape gasoline.

What can really trigger large volcanic eruptions? Research suggests that gas returning to the magma may be more dangerous than gas escaping from it.

With more than 635,000 doctors, Brazil sees competition increasing in large cities, and recent graduates are competing for shifts at an accelerated pace while the countryside still faces shortages.

The U.S. Army receives the first Black Hawk helicopter that can fly without pilots, be controlled by a tablet, and even land on its own during high-risk missions.

Petrobras Receives $298 Million and Sells 11 Oil and Gas Production Concessions to Carmo Energy

Divestment Program Includes Development Plan for Oil Production in Onshore Fields in the Carmópolis Pole.

Expansion of Carmópolis Pole by Carmo Energy

Petrobras Divestment and Development Program

China has been trying for 13 years to build a railway in the Gobi Desert to reach Mongolia, and there are still 20 kilometers left that no one can finish due to a problem that seems impossible to solve.

With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Offshore industrial demand in Macaé skyrockets with the recovery of oil and gas and could grow by up to 396% by 2026 in the Campos Basin.

Offshore industrial demand in Macaé surges with the recovery of oil and gas and could grow by up to 396% by 2026 in the Campos Basin.

Brazilian giant expands borders in the Southeast: Petrobras confirms new oil discovery in ultra-deep waters in the pre-salt of the Campos Basin.

Alert in the global energy market: Severe tropical cyclone hits the coast and disrupts gas production at major plants in Australia, threatening global supply.

Petrobras finds high-quality oil in the pre-salt at 113 km from RJ and reignites expectations about strategic reserves in the Campos Basin.

With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

Goodbye expensive popular car: electric vehicle for less than R$ 70,000 starts being sold in Brazil with a range of 200 km and targets those looking to escape gasoline.

What can really trigger large volcanic eruptions? Research suggests that gas returning to the magma may be more dangerous than gas escaping from it.

With more than 635,000 doctors, Brazil sees competition increasing in large cities, and recent graduates are competing for shifts at an accelerated pace while the countryside still faces shortages.

The U.S. Army receives the first Black Hawk helicopter that can fly without pilots, be controlled by a tablet, and even land on its own during high-risk missions.