Petrobras Just Sold 3 Fields in the Campos Basin to Perenco

The Fields Being Sold Are: Pargo, Carapeba, and Vermelho, in Shallow Waters of the Campos Basin. Deal is Valued at Approximately US$ 370 Million

Petrobras has just signed with Perenco the assignment of its participation in the assets in the Campos Basin, which amounted to US$ 370 million, with the fields of Pargo, Carapeba, and Vermelho being transferred to the British company, in shallow waters, which are offshore production assets in shallow waters in the coastal region of Rio de Janeiro.

Of this total amount, 20% or US$ 74 million will be paid upon signing the contract, and the remainder will be finalized at the closing of the deal, from the moment Perenco actually begins its operations on the sold assets.

This bargain now depends only on the approval of ANP (National Agency of Petroleum, Natural Gas, and Biofuels) to be sanctioned and the necessary licenses obtained from Ibama.

These fields were nicknamed at the time as “Northeast Pole” and were discovered in 1975 (Pargo) and 1982 (Carapeba and Vermelho), which were consented in 1998.

Petrobras emphasizes that the platforms are connected or integrated into the production system. These platforms are of the “fixed jacket” model, and their production today averages around 9,000 barrels daily.

Currently, the Franco-British Perenco operates concessions in the Espírito Santo basin in partnership with OGX and Sinochem.

However, Petrobras’s focus today is on the pre-salt; these fields in decline or mature production are part of the state-owned company’s divestment program. It makes more sense to pass these assets to smaller companies with the capacity to “move them” forward. More details on this transaction throughout the day. It has also released the production report in October, and the results were satisfactory; check it out here.