To Focus More on Deepwater and Ultra-Deepwater Assets, Brazilian Oil Giant Petrobras Divests Another Onshore Field in Sergipe

Written by Flavia Marinho Published on 11/10/2021 at 12:40

Campo onfshore Petrobras / Iagem Google

Petrobras Earns US$1.5 Million from the Sale of 50% of Its Stake in the Onshore Oil Field Located in the Sergipe Basin

The Brazilian oil giant Petrobras informed in a relevant fact this morning, October 11, that it finalized last Friday the sale of its 50% stake in the Rabo Branco onshore field, located in the Sergipe-Alagoas Basin in the State of Sergipe, to Petrom Produção de Petróleo e Gás Ltda (Petrom).

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According to the state company’s statement, the sale to Petrom resulted from the exercise of the company’s contractual right of first refusal. After meeting all prior conditions, the transaction was completed for the sale amount of US$ 1.5 million, which had already been fully deposited in a guarantee account for the benefit of Petrobras on the date of the signing of the purchase and sale agreement on 05/07/2021.

Onshore Oil Field Is Part of the BT-SEAL-13 Concession Located in the Sergipe-Alagoas Basin

The Rabo Branco onshore field is part of the BT-SEAL-13 concession, located south of the Carmópolis field, in the Sergipe-Alagoas Basin in the State of Sergipe. The average production of the field in 2020 was 131 bpd. Petrobras held a 50% stake, in partnership with Petrom.

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About Petrom

Petrom is a special purpose company (SPE), established to manage the activities conducted in the Rabo Branco field, where it is the operator and now holds a 100% stake.

To Focus More on Deepwater and Ultra-Deepwater Assets, Brazilian Oil Giant Petrobras Divests Another Onshore Field in Sergipe

Petrobras Earns US$1.5 Million from the Sale of 50% of Its Stake in the Onshore Oil Field Located in the Sergipe Basin

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Onshore Oil Field Is Part of the BT-SEAL-13 Concession Located in the Sergipe-Alagoas Basin

About Petrom

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To Focus More on Deepwater and Ultra-Deepwater Assets, Brazilian Oil Giant Petrobras Divests Another Onshore Field in Sergipe

Petrobras Earns US$1.5 Million from the Sale of 50% of Its Stake in the Onshore Oil Field Located in the Sergipe Basin

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About Petrom

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Without her own home and pressured by rent, a 25-year-old bought a small 15-meter boat, gradually renovated the interior by herself, transformed the interior with paint, new flooring, a larger bathroom, and started living on the canals, paying much less per month.

The Atacama Desert, the driest place on Earth, was covered in flowers and turned into a colorful carpet with more than 200 species in the phenomenon called “desert bloom,” when atypical rains awaken seeds that had remained dormant in the soil for many years.

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