Petrobras advances in the sale of Carmópolis, the largest onshore oil field in Brazil. The facilities are located in the Sergipe-Alagoas Basin

Petrobras announced in a material fact this evening (19/11) the non-binding phase referring to the sale of all of its stakes in the Carmópolis Complex, which includes 11 concessions of onshore production fields and integrated production facilities, with fields located in Sergipe. PetroRio buys BP Energy's stake in Itaipu and Wahoo and becomes the operator of both pre-salt fields

Read also

• Petrobras has Cade's endorsement to sell its subsidiary Liquigás, the leader in the national market for Liquefied Petroleum Gas (LPG) distribution
• The global leader in oil and gas TechnipFMC, opens job openings for technicians, engineers and interns in Rio de Janeiro and Espírito Santo
• Pre-salt oil production sharing contracts could generate US$204,4 billion for Union coffers

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

“This operation is in line with the portfolio optimization strategy and the improvement of the company's capital allocation, starting to increasingly concentrate its resources on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated a great competitive advantage. over the years,” said the state-owned company.

According to Petrobras, the operation is in line with its portfolio optimization strategy and the improvement of the company's 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's development plan, Petrobras estimated that the recovery factor could reach 32%

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

In addition, the Atalaia Polo is also among the assets, which includes the Aracaju Waterway Terminal (Tecarmo), a natural gas processing unit and an oil processing station. Other assets are the Bonsucesso-Atalaia oil pipeline, which is 48,6 kilometers long and which transports the production from the concessions to Tecarmo.

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

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