Petrobras Received Nearly R$3 Billion from Equinor Referring to the Sale of Exploration Block BM-S-8, Located at the Bacalhau Field in the Santos Basin.

Petrobras reported in a relevant fact to the market on Tuesday (02/01/2022) that it received from the multinational Equinor the amount of US$ 475 million (nearly R$3 billion), equivalent to half of the third installment referring to the sale of its stake in the oil exploration block BM-S-8, where the Bacalhau field (previously Carcará area) is located, in the Santos Basin.

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Petrobras also reported that the remaining amount of US$ 475 million will be paid on the next day 02/10/2022.

According to the state-owned company, the receipt was conditioned on the approval of the Production Individualization Agreement (AIP) for the Bacalhau and North Bacalhau fields by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), which occurred on 12/09/2021.

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Petrobras sold its total stake (equivalent to 66%) in block BM-S-08 to Equinor for US$ 2.5 billion. Upon closing the operation, the company received US$ 1.25 billion, and upon signing the sharing contract for the North Bacalhau block, received US$ 0.3 billion, totaling US$ 1.55 billion.

According to Petrobras, the result of the third installment will be recognized in the financial statements for the 4th quarter of 2021.

Converted in China and Commissioned at Drydocks Shipyard in Dubai, FPSO Guanabara Finally Arrives in Brazil

The first of four FPSO’s from Petrobras installed in the third largest pre-salt field in the Santos Basin has finally arrived in Brazil! The Brazilian state giant reported yesterday (02/02) in a relevant fact to the market that the Guanabara floating production storage and offloading unit arrived at the Mero field, located in the Libra Block, in the pre-salt of the Santos Basin. The FPSO (floating production, storage, and offloading unit) will be the first definitive system to operate in Mero, the third largest pre-salt field (behind only Búzios and Tupi).

According to Petrobras, the FPSO Guanabara will be connected to the wells, subsea equipment, and will undergo final tests in the coming months before starting oil production, which is scheduled for the first half of this year. 

The unit was converted and integrated at the DSIC shipyard in Dalian, China. After leaving China, it made a stop of about 2 months at Drydocks World Dubai (DDWD) in Dubai, where commissioning activities were carried out.

FPSO Guanabara Converted in China and Commissioned in Dubai, Has the Capacity to Produce Up to 180,000 Barrels of Oil per Day (BPD) and Process 12 Million m3 of Gas

With the capacity to produce up to 180,000 barrels of oil per day (BPD) and process 12 million m3 of gas, the FPSO Guanabara will be the first of a series of four definitive platforms scheduled for the Mero field on the horizon of our Strategic Plan 2022-2026. The unit will be installed over 150 km from the coast, at water depths of up to 1,930 meters, equivalent to four times the height of Sugarloaf Mountain.

The platform is 172 meters tall, equivalent to 4.6 Christ the Redeemer statues, and 332 meters long, or three football fields. Furthermore, it has a power generation capacity of 100 megawatts, sufficient to supply a city of 330,000 inhabitants. READ THE FULL ARTICLE HERE.