Petrobras has started the binding phase for the sale of its property in shallow water fields in the Ceará Cluster offshore Brazil
The Ceará Cluster is located 30 kilometers from the coast of the state of Ceará in a water depth between 30 and 50 meters. It has been in operation since the 1980s.
The Cluster comprises the Atum, Curimã, Espada and Xaréu fields, in which Petrobras has a 100% stake.
Average production in 2019 was 4.200 bpd of oil and 76,9 standard cubic meters per day of gas, through nine fixed platforms.
Petrobras said on Wednesday that the sale was in line with the company's portfolio optimization strategy and improved capital allocation. The company chose to focus its resources on world-class assets in deep and ultra-deep pre-salt waters.
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Petrobras added that potential buyers qualified for the binding phase of the sale of the Ceará Cluster 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 sale of the Ceará Cluster was Announced on August 7, 2020, check out!
