In Sergipe, Petrobras Advances with the Sale of 3,000 Oil Wells, 17 Oil Treatment Stations, a Gas Station, a Maritime Terminal, Gas Pipelines, and Oil Pipelines

Petrobras Advances in Sale of Carmópolis, The Largest Onshore Oil Field in Brazil. The Facilities Are Located in The Sergipe-Alagoas Basin

Petrobras announced in a relevant fact this evening (11/19) the non-binding phase regarding the sale of all its interests in the Carmópolis Cluster, which includes 11 concessions of onshore production fields and the integrated production facilities, with fields located in Sergipe. PetroRio Purchases Stake from BP Energy in Itaipu and Wahoo and Becomes the Operator of Both Pre-Salt Fields

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Petrobras informed in a statement sent to the market that potential qualified buyers for this phase will receive instructions on the divestment process, including information for submitting proposals.

“This operation is in line with the company’s portfolio optimization strategy and the improvement of its capital allocation, increasingly concentrating its resources on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated significant competitive advantages over the years,” said the state-owned company.

According to Petrobras, the operation aligns with its strategy of portfolio optimization and improved capital allocation. This is because the state-owned company is increasingly concentrating its resources on assets in deep and ultra-deep waters.

About Carmópolis Located in The Sergipe-Alagoas Basin

Carmópolis is the largest onshore field in Brazil, with an original volume of 1.76 billion barrels of oil equivalent. It is also the oldest in Sergipe, with production starting in 1963. In 2017, after reviewing the field development plan, Petrobras estimated that the recovery factor could reach 32%

According to Petrobras’s statement, the offer includes 3,000 oil production wells, 17 oil treatment stations, one gas station in Carmópolis, and approximately 350 km of gas and oil pipelines.

In addition, the Atalaia Cluster is also among the assets, which includes the Aquatic Terminal of Aracaju (Tecarmo), a natural gas processing unit and an oil processing facility. Other assets include the Bonsucesso-Atalaia pipeline, which is 48.6 kilometers long and channels production from the concessions to Tecarmo.

Additionally, all production facilities contained within the ring-fence (set of assets) of the 11 concessions and ownership of part of the land are included.

Between January and September of this year, production from the Carmópolis Cluster was 10,000 barrels of oil per day and 73,000 cubic meters of natural gas. Petrobras is the operator of the fields, with a 100% stake.