More Divestments by Petrobras: State-Owned Company Advances in Sale of Five Onshore Oil Fields in Espírito Santo

Written by Flavia Marinho

Published on 15/01/2021 at 14:58

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The Capixaba Northern Pole of Petrobras Includes the Onshore Oil Fields Cancã, Fazenda Alegre, Fazenda São Rafael, and Fazenda Santa Luzia

Petrobras announced in a relevant fact this morning (01/15) the start of the binding phase regarding the sale of all its interests in a set of five onshore oil fields. The Largest Biodiesel Producer in Brazil, ECB Will Sell 1 Billion Liters of Biofuels to British BP

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The set of four oil field concessions for sale by the state-owned company are integrated facilities, collectively referred to as the Capixaba Northern Pole, located in the state of Espírito Santo.

“Qualified potential buyers for this phase will receive an invitation letter with detailed instructions about the divestment process, including guidelines for conducting due diligence and for submitting binding proposals” said Petrobras in the statement.

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“The company continues to concentrate its resources more and more on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated a significant competitive advantage over the years,” concludes the state-owned company.

Petrobras on the Capixaba Northern Pole

The Capixaba Northern Pole owned by Petrobras includes the fields of Cancã, Fazenda Alegre, Fazenda São Rafael, and Fazenda Santa Luzia.

All production facilities within the ring fence of the concessions are also part of the Pole, as well as the ownership of some land.

In August 2020, the average production of the Capixaba Northern Pole was 7,300 barrels of oil per day and 60,000 m3/day of gas.

Petrobras is the operator of the oil fields, with a 100% stake.

More Divestments by Petrobras: State-Owned Company Advances in Sale of Five Onshore Oil Fields in Espírito Santo

The Capixaba Northern Pole of Petrobras Includes the Onshore Oil Fields Cancã, Fazenda Alegre, Fazenda São Rafael, and Fazenda Santa Luzia

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Petrobras on the Capixaba Northern Pole

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More Divestments by Petrobras: State-Owned Company Advances in Sale of Five Onshore Oil Fields in Espírito Santo

The Capixaba Northern Pole of Petrobras Includes the Onshore Oil Fields Cancã, Fazenda Alegre, Fazenda São Rafael, and Fazenda Santa Luzia

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