Portuguese 
English 
Spanish 
3 min of reading 
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
Read Also
- Petrobras Has Approval from Cade 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 Vacancies for Technicians, Engineers, and Interns in Rio de Janeiro and Espírito Santo
- Production Sharing Contracts for Oil in the Pre-Salt Could Generate US$ 204.4 Billion for Government Revenues
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.
-
Oil sees sharp drop after rumors of a deal between the United States and Iran raise hopes for an end to the war in the Middle East.
-
Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.
-
Oil price falls even with Trump’s threats to Iran and rising geopolitical tensions in the Middle East impacting global market expectations.
-
China discovers more than 200 new oil and gas fields in the last five years
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.
Be the first to react!