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

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

After decades of selling cushioning and extreme protection, the new craze in trails and hiking shoes is precisely taking off your shoes.

A producer from Santa Catarina started with a poultry farm of just 7,500 birds in 1994 and three decades later manages 21 farms thanks to a simple strategy he learned early on.

China wants to tear through mountains with 612 km of tunnels to divert water from the Yangtze, erase entire villages from the map, and move over 100,000 people in the name of water security.

Brazil removes 18 million tons of sand from the seabed in a mega-operation costing R$ 333 million, paving the way for larger ships and turning the dredging itself into coastal reinforcement in the largest beach widening ever undertaken in the country.

As you read this, Chinese robots are already replacing human tasks in Peru, fear has turned into fascination, curiosity has turned into necessity, and Chinese technology is becoming part of the daily life of an entire country.

Lula joins Mexico and Spain to defend Cuba after Trump threatens the island and says that the world cannot sleep and wake up every day with a president of the Republic threatening to go to war.

A Catarinense repaired a Tesla battery that no one in Brazil knew how to fix, avoiding a loss of 150 thousand reais for the owner, and before that, had already built an electric car with notebook batteries controlled by a video game controller.

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

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

After decades of selling cushioning and extreme protection, the new craze in trails and hiking shoes is precisely taking off your shoes.

A producer from Santa Catarina started with a poultry farm of just 7,500 birds in 1994 and three decades later manages 21 farms thanks to a simple strategy he learned early on.

The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…

Under kilometers of water, rock, and salt, Brazil hides a colossal wealth that led an official guide from the U.S. government to recognize the country as the owner of the largest ultra-deep oil reserves in the world.

Iran said that the Strait of Hormuz is open, but in practice only 1 non-Iranian oil tanker managed to cross in 24 hours — before the blockade, 100 ships passed per day.

Petrobras completes 1,300 hours of work and 15 km of subsea lines to connect the Búzios 90 well to the P-79 — the platform is ready to produce 180,000 barrels per day and is just awaiting ANP approval.

Iran declares the Strait of Hormuz completely open this Friday, and the price of oil plummets nearly 10% in a few hours — the largest drop since the beginning of the conflict.

China wants to tear through mountains with 612 km of tunnels to divert water from the Yangtze, erase entire villages from the map, and move over 100,000 people in the name of water security.

Brazil removes 18 million tons of sand from the seabed in a mega-operation costing R$ 333 million, paving the way for larger ships and turning the dredging itself into coastal reinforcement in the largest beach widening ever undertaken in the country.

As you read this, Chinese robots are already replacing human tasks in Peru, fear has turned into fascination, curiosity has turned into necessity, and Chinese technology is becoming part of the daily life of an entire country.

Lula joins Mexico and Spain to defend Cuba after Trump threatens the island and says that the world cannot sleep and wake up every day with a president of the Republic threatening to go to war.

A Catarinense repaired a Tesla battery that no one in Brazil knew how to fix, avoiding a loss of 150 thousand reais for the owner, and before that, had already built an electric car with notebook batteries controlled by a video game controller.