Governo do Rio quer mais informações sobre o corte na produção de petróleo anunciado pela Petrobras

Rio Government Seeks More Information on Petrobras’ Announced Oil Production Cuts

Written by Flavia Marinho

Published on 08/04/2020 at 14:55

Governo do Rio quer mais informações sobre o corte na produção de petróleo anunciado pela Petrobras

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After the Brazilian state-owned company Petrobras announced on April 2 a cut of 200 thousand barrels per day in its oil production, the government of Rio de Janeiro sent the company a request for more details about the new measure. Petrobras did not inform which fields it intends to halt production.

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The government’s aim is to understand and assess the impact that the state’s budget may suffer from the new measure adopted by the state-owned company due to the coronavirus pandemic and the drop in oil barrel prices due to the crisis between Russia and Saudi Arabia.

“As the oil industry is inherently a global industry, this obviously concerns us, as it jeopardizes the process of strong recovery that the economy and the state’s finances underwent last year,” said the secretary in a statement released yesterday afternoon, April 7.

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Sale of Petrobras Assets in Rio de Janeiro

Petrobras put the Garoupa Polo up for sale, which includes the fields of Anequim, Bagre, Cherne, Congro, Corvina, Malhado, Namorado, Parati, Garoupa, Garoupinha, and Viola, all located in Rio de Janeiro.

Together, the areas produced 19 thousand barrels per day from 42 wells interconnected to five fixed platforms (PGP‐1, PCH‐1, PCH‐2, PNA‐1, PNA‐2) and one semisubmersible platform P‐09, between July 2018 and July 2019.

Recently, Petrobras divested assets in the Campos Basin. In August last year, CADE approved the sale by Petrobras of the control of 11 fields in shallow waters of the Campos Basin to Trident Energy. The completion of the operation was around US$ 1 billion.

In October, the state-owned company completed the sale of 100% of the fields of Pargo, Carapeba, and Vermelho, located in shallow waters of the Campos Basin, to Perenco. The payment of approximately US$ 324 million to Petrobras was concluded, which adds to the US$ 74 million paid at the signing of the contracts.

by – epbr

Rio Government Seeks More Information on Petrobras’ Announced Oil Production Cuts

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Sale of Petrobras Assets in Rio de Janeiro

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