Petrobras Begins Binding Phase for Sale of Its Assets in Shallow Water Fields in the Ceará Offshore Cluster in Brazil
The Ceará Cluster is located 30 kilometers off the coast of the state of Ceará in water depths between 30 and 50 meters. It has been in operation since the 1980s.

The Cluster consists of the Atum, Curimã, Espada, and Xaréu fields, in which Petrobras has 100 percent ownership.
Average production in 2019 was 4,200 bpd of oil and 76,900 standard cubic meters per day of gas, through nine fixed platforms.
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Petrobras said on Wednesday that the sale was in line with its strategy to optimize its portfolio and improve the company’s capital allocation. The company chose to focus its resources on world-class deep and ultra-deep water assets in the pre-salt region.
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Petrobras added that qualified potential buyers for the binding phase of the Ceará Cluster sale will receive a process letter with detailed instructions on the divestment process, including guidelines for due diligence and submission of binding proposals.
It is worth remembering that the non-binding phase of the Ceará Cluster sale was announced on August 7, 2020, check it out!

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