Petrobras Focuses Increasingly on World-Class Deepwater and Ultra-Deepwater Assets and Puts Oil Fields in Rio de Janeiro Up for Sale

Written by Flavia Marinho

Published on 08/09/2021 at 11:37

Updated on 08/09/2021 at 13:09

Plataforma de petróleo Petrobras / Imagem Google

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More Divestments from Petrobras: The Oil Company Put More Oil Fields in the Santos Basin, Rio de Janeiro Up for Sale This Morning (09/08)

Petrobras announced this morning, September 8, that it has started the opportunity disclosure stage (teaser) regarding the sale of its entire stake in the Uruguá and Tambaú fields, which belong to the BS-500 concession, located in the Santos Basin, in the state of Rio de Janeiro.

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According to Petrobras’ statement, the teaser contains key information about the opportunity, as well as eligibility criteria for selecting potential participants, and is available on the State-run Investor Relations website, at this link.

Subsequent key stages of the project will be timely communicated to the market. “This operation is aligned with the strategy of portfolio optimization, debt reduction, and improving the company’s capital allocation, increasingly concentrating its resources on world-class deep and ultra-deep water assets, where Petrobras has demonstrated a significant competitive advantage over the years,” states Petrobras.

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About the Uruguá and Tambaú Oil Fields in the Santos Basin – Rio de Janeiro

Petrobras’ Uruguá and Tambaú oil fields belong to the BS-500 concession, which was acquired through the Zero Round of the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

The fields are located in the northern portion of the Santos Basin, between 140 and 160 km from the coast of the state of Rio de Janeiro, in water depths ranging from 1,000 to 1,500 m. The production from the fields in 2020 was approximately 5,000 bpd of oil and 918,000 m3/day of gas. Petrobras holds a 100% stake in both fields.

Petrobras Focuses Increasingly on World-Class Deepwater and Ultra-Deepwater Assets and Puts Oil Fields in Rio de Janeiro Up for Sale

More Divestments from Petrobras: The Oil Company Put More Oil Fields in the Santos Basin, Rio de Janeiro Up for Sale This Morning (09/08)

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About the Uruguá and Tambaú Oil Fields in the Santos Basin – Rio de Janeiro

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Petrobras Focuses Increasingly on World-Class Deepwater and Ultra-Deepwater Assets and Puts Oil Fields in Rio de Janeiro Up for Sale

More Divestments from Petrobras: The Oil Company Put More Oil Fields in the Santos Basin, Rio de Janeiro Up for Sale This Morning (09/08)

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About the Uruguá and Tambaú Oil Fields in the Santos Basin – Rio de Janeiro

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