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

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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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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

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

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