Petrobras' Capixaba North Pole comprises the onshore oil fields Cancã, Fazenda Alegre, Fazenda São Rafael and Fazenda Santa Luzia

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

“Potential buyers qualified for this phase will receive an invitation letter with detailed instructions on the divestment process, including guidelines for carrying out due diligence and for sending binding proposals,” Petrobras said in the statement.

“The company is increasingly concentrating its resources on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated a great competitive advantage over the years” concludes the state-owned company.

Petrobras over the North Pole Capixaba

The Capixaba North Pole belonging to Petrobras comprises the fields of Cancã, Fazenda Alegre, Fazenda São Rafael and Fazenda Santa Luzia.

All the production facilities contained in the ring fence of the concessions are also part of the Complex, in addition to the ownership of some land.

In August 2020, the average production of the Capixaba North Pole was 7,3 thousand barrels of oil per day and 60 thousand m3/day of gas.

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