Em meio a pandemia Petrobras anuncia venda do campo de petróleo Papa-terra na Bacia de Campos, RJ

Amid Pandemic, Petrobras Announces Sale of Papa-Terra Oil Field in Campos Basin, RJ

Written by Flavia Marinho

Published on 20/04/2020 at 11:05

Angra dos Reis – RJ, 03/06/2011. SCAVE – Local do evento da Cerimônia de batismo da Plataforma P – 56. Foto: Ichiro Guerra/PR.

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On the last Friday (18th), Petrobras management announced the beginning of the binding phase of the sale process for its entire stake in the Papa-Terra oil field, located in deep waters in the southern Campos Basin in Rio de Janeiro. 357 dormant field employees of Petrobras are transferred to the refinery

The state-owned company also emphasizes that the disclosure complies with Petrobras’ divestment guidelines and with the provisions of the special procedure for the transfer of exploration, development, and production rights of oil, natural gas, and other fluid hydrocarbons, as stipulated in Decree 9,355/2018.

“This operation aligns with portfolio optimization and better capital allocation for the company, aiming for value generation for its shareholders,” it states.

Petrobras Paid R$ 246 Billion in Taxes and Government Participation

The state-owned company paid a total of R$ 246 billion in taxes in 2019, a growth of 34.91% in tax payments compared to 2018, when it paid R$ 182.4 billion.

Petrobras’ report showed that the state-owned company is the largest corporate taxpayer that finances the Brazilian federal government. Click here to continue reading

Amid Pandemic, Petrobras Announces Sale of Papa-Terra Oil Field in Campos Basin, RJ

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