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Areas Sold By Petrobras In The Campos Basin Provide Macaé And Oil-Producing Cities Billions In Investments From Multinationals Trident Energy, Perenco, And BW Offshore

Written by Paulo Nogueira
Published on 30/09/2020 at 06:52
Updated on 30/09/2020 at 09:34
Macaé Petrobras petróleo
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14 Shallow Water Oil Fields, Previously Owned by Petrobras in the Campos Basin, Will Receive Revitalization Resources Exceeding 10 Billion Reais, Ensuring Royalties and Job Creation in Macaé and Other Municipalities

Petrobras’ oil assets with declining production in the Campos Basin were concerning Macaé and adjacent municipalities, which rely primarily on royalties from local exploration and production. With the sale of 14 shallow water fields from the state-owned company to the multinational oil companies Trident Energy, Perenco, and BW Offshore, it has been possible to renew the breath of these cities for now.

According to the National Agency of Oil, Natural Gas, and Biofuels (ANP) in an official statement to the press this Tuesday (29), the approved development plans for these fields exceed R$ 10 billion. It emphasizes that this amount refers to mandatory investments, and there may still be room for further development and resources.

Investment Table for Campos Basin Assets Previously Owned by Petrobras

These divested fields by Petrobras once produced 81,000 barrels of oil daily, but due to natural decline, by 2019 they were producing only 26,000 barrels, which alarmed Macaé at the time with the possible exit of the state company from the municipality, which did not happen. However, the royalties from these concessions fell from R$583 million to R$227 million during the same period. 

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With the wind and solar energy market advancing in the country and the need to raise financial resources more dynamically, Petrobras is focused on the pre-salt, in deep-water assets. Between 2012 and 2019, the state-owned company’s national oil production fell by 70%, and about 100 producing wells were deactivated.

With the entry of Trident Energy, Perenco, and BW Offshore, Petrobras’ strategy to divest from these shallow water areas in the Campos Basin ensured that these fields, previously in significant production decline, can now count on a recovery factor for oil production, generating jobs and income for Macaé and the region, which relies on this economic activity for its income.

“Considering the extension of concessions, the development plans now contain a forecast of total production of around 500 million barrels of oil, providing greater returns for companies and Brazilian society”, said ANP.

Paulo Nogueira

Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

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