Ouro Preto Oil And Gas Acquires Petrobras Oil Fields In The Potiguar Basin In RN

Petrobras Also Puts Up for Sale in RN, in Shallow Waters of Offshore Potiguar, the Fields of Ubarana, Cioba, Oeste de Ubarana, Agulha

Petrobras reported in a relevant fact last night (07/09) that it closed the sale with Ouro Preto Óleo e Gás of its entire stake in the fields of Pescada, Arabaiana, and Dentão located in shallow waters of the Potiguar Basin (Polo Pescada), in the state of RN. Court Rules and Petrobras Will Have to Change the Name of Lula Field

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The sale value of 65% concerning the three oil fields in RN is US$ 1.5 million, which will be paid in two installments, the first of US$ 300 thousand and the second in the order of US$ 1.2 million at the closing of the transaction.

Ouro Preto Óleo e Gás already held a 35% stake in the oil fields Pescada, Arabaiana, and Dentão located in shallow waters of the Potiguar Basin (Polo Pescada), in the state of RN.

The average production of Polo Pescada from January to June 2020 was approximately 260 barrels of oil per day (bpd) and 190 thousand m³/day of gas.

“The closing of the transaction is subject to the fulfillment of precedent conditions, such as approval from the Administrative Council for Economic Defense (CADE) and the National Agency of Petroleum, Natural Gas and Biofuels (ANP).” Petrobras informed.

Petrobras is also selling, in shallow waters of offshore Potiguar, the fields of Ubarana, Cioba, Oeste de Ubarana, Agulha.

About Petrobras’ Polo Pescada in RN

Polo Pescada consists of three shallow water fields: Pescada, Arabaiana, and Dentão, located in the state of Rio Grande do Norte.