More Divestment From Petrobras: State-Owned Company Announced Yesterday (07/02) The Sale Of Three Oil Exploration Blocks In The Paraná Basin

Written by Flavia Marinho

Published on 02/07/2021 at 16:08

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The Brazilian Oil Giant Continues Selling Its Onshore Assets to Focus on Offshore Pre-Salt Oil Exploration.

The Brazilian oil giant Petrobras reported yesterday (07/02) in a material fact that it has started the disclosure stage of the opportunity (teaser) regarding the sale of its entire stake in the exploratory blocks belonging to the concessions PAR-T-175_R14, PAR-T-198_R12, and PAR-T-218_R12, located onshore in the Paraná Basin.

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According to the state-owned company, this operation is in line with the strategy of portfolio optimization, debt reduction, and improved capital allocation, focusing increasingly on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated a significant competitive advantage over the years.

Exploratory Oil Blocks in the Paraná Basin

The concessions for the oil blocks PAR-T-198_R12 and PAR-T-218_R12, located in the far west of São Paulo state, were acquired in the 12th Bidding Round of the ANP in 2013 and are currently in the 1st Exploratory Period, with commitments under the Minimum Exploratory Program (PEM) fully met. Petrobras holds a 100% stake.

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More Divestment From Petrobras: State-Owned Company Announced Yesterday (07/02) The Sale Of Three Oil Exploration Blocks In The Paraná Basin

The Brazilian Oil Giant Continues Selling Its Onshore Assets to Focus on Offshore Pre-Salt Oil Exploration.

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Exploratory Oil Blocks in the Paraná Basin

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More Divestment From Petrobras: State-Owned Company Announced Yesterday (07/02) The Sale Of Three Oil Exploration Blocks In The Paraná Basin

The Brazilian Oil Giant Continues Selling Its Onshore Assets to Focus on Offshore Pre-Salt Oil Exploration.

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While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

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