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For US$ 300 million, Petrobras sells its stake in onshore and shallow water fields to Petro+, in the state of Alagoas

Written by Roberta Souza
Published 06/07/2021 às 17:07
Petrobras – onshore – Alagoas
Onshore oil field and Petrobras logo / Source: Só Sergipe

Petrobras carried out today (06/07) the total sale of its stake in the onshore and shallow water field, located in the state of Alagoas

Petrobras informed in a note published to the market that it signed with the company Petromais Global Exploração e Produção SA (Petro+) the contract for the transfer of its entire participation in a set of seven land concessions (onshore) and shallow waters called Polo Alagoas, located in the state of Alagoas. The agreement was made for the amount of US$ 300 million. See also: For US$ 1,5 million, Petrobras sells its stake in an onshore field to Petrom, in the Sergipe Basin – Alagoas

Sale of Petrobras' onshore field to Petro+

The value of the total sale by Petrobras to Petro+ was US$ 300 million, of which: (a) US$ 60 million was paid on this date and; (b) US$240 million to be paid upon closing of the transaction. The amounts do not consider the adjustments due until the closing of the transaction, which is subject to the fulfillment of certain conditions precedent, such as approval by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

According to the state-owned company, this disclosure of the sale of the onshore and shallow water field is in accordance with Petrobras' internal rules and with the provisions of the special procedure for the assignment of rights to explore, develop and produce oil, natural gas and other hydrocarbons. fluids, provided for in Decree 9.355/2018.

The Alagoas Pole, site of the onshore and shallow water field

The Alagoas Hub, where the onshore and shallow water field that was sold by Petrobras is located, comprises seven production concessions, six onshore – onshore (Anambé, Arapaçu, Cidade de São Miguel dos Campos, Furado, Pilar and São Miguel dos Campos ) and the Paru field concession located in shallow waters, with a water depth of 24 meters.

The center's average production from January to May 2021 was 1,9 thousand bpd of oil and condensate and 602 thousand m³/d of gas, generating 0,9 thousand bpd of NGL (natural gas liquids). In addition to Petrobras' fields and production facilities, the transaction includes the Natural Gas Processing Unit (UPGN) in Alagoas, whose processing capacity is 2 million m³/day, and which is responsible for processing 100% of from the pole's gas and by the generation of LGN.

See also: Petrobras sells onshore oil field in the Sergipe Basin – Alagoas

In a note published to the market, Petrobras reported that, continuing the statement released on 05/08/2020, it finalized today the sale of its 50% stake in the Dó-Ré-Mi onshore oil field, located in Bowl of Sergipe-Alagoas, in the state of Sergipe, for the company Centro-Oeste Oil and Gas Ltda.

After fulfilling all the conditions precedent, the sale of Petrobras' onshore oil field was concluded for the amount of US$ 37,6 thousand, which had already been paid to the state-owned company on the date of signature of the purchase and sale agreement, on the day August 5 last year. This disclosure is in accordance with Petrobras' internal rules, and with the provisions of the special procedure for the assignment of rights for exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355/2018.

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Roberta Souza

Petroleum Engineer, postgraduate in Commissioning of Industrial Units, specialist in Industrial Corrosion. Get in touch to suggest an agenda, advertise job vacancies or advertise on our portal. We do not receive resumes

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