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Areas sold by Petrobras in the Campos Basin guarantee Macaé and oil-producing cities billionaire investments from multinationals Trident Energy, Perenco and BW Offshore

Written by Paulo Nogueira
Published 30/09/2020 às 06:52
Macaé Petrobras oil

14 oil fields in shallow waters, formerly belonging to Petrobras in the Campos Basin, will receive revitalization resources that exceed 10 billion reais, guaranteeing royalties and job creation in Macaé and other municipalities

Petrobras' oil assets with a decline in production in the Campos Basin was worrying Macaé and adjacent municipalities, which have royalties from local exploration and production as their main source of funds. With the sale of 14 shallow water fields by the state-owned for the oil multinationals Trident Energy, Perenco and BW Offshore, it was possible to renew the breath of these cities by the hour.

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

Campos Basin investment table of assets that belonged to Petrobras

These fields divested by Petrobras produced 81 barrels of oil daily, with the natural decline, in 2019 they were producing only 26 barrels, which ended up alarming Macae at the time with the possible departure of the state company from the municipality, which did not happen. However, royalties arising from these concessions declined from R$583 million to R$227 million in 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, on deep water assets. In the time interval between 2012 and 2019, the national oil production of the state-owned company fell by 70% and around 100 producing wells were deactivated.

With the entry of Trident Energy, Perenco and BW Offshore, Petrobras' strategy to divest these areas in the shallow waters of the Campos Basin ensured that these fields, previously in sharp decline in production, can now count on an oil production recovery factor, generating jobs and income for Macaé and region, whose income is based on this economic activity.

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

Paulo Nogueira

With a technical background, I worked in the offshore oil and gas market for a few years. Today, my team and I are dedicated to bringing information from the Brazilian energy sector and the world, always with credible and up-to-date sources.

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