Petrobras announced on the morning of this Monday, the 27th, that it had begun the opportunity disclosure stage (teaser) regarding the assignment of all of its stakes in 27 mature onshore fields, located in Espírito Santo.
Petrobras began disclosing to investors the process for the sale of its entire stake in 27 mature onshore oil fields, including the shared production outflow and treatment facilities, located in Espírito Santo, in the municipalities of São Mateus, Jaguaré, Linhares and Conceição da Barra, jointly known as Polo Cricaré. According to the company, the fields for sale had in 2018 a total average production of around 2,8 barrels per day.
Petrobras is the operator and owns 100% of all assets, which include the fields of Biguá, Cacimbas, Campo Grande, Córrego Cedro Norte, Córrego Cedro Norte Sul, Córrego Dourado, Córrego das Pedras, Fazenda Cedro, Fazenda Cedro Norte, Fazenda Queimadas , Fazenda São Jorge, Guriri, Inhambu, Jacutinga, Lagoa Bonita, Lagoa Suruaca, Mariricu, Mariricu Norte, Rio Itaúnas, Rio Preto, Rio Preto Oeste, Rio Preto Sul, Rio São Mateus, São Mateus, São Mateus East, Seriema and Tabuiaiá .
"This operation is in line with the optimization of the portfolio and the improvement of the company's capital allocation, aiming at generating value for our shareholders", added Petrobras.
The next steps regarding the sale process of the onshore fields in Espírito Santo will be informed to the market in due course, according to the company.
NINE CAMPOS IN THE NORTHEAST
A consortium formed by the investment company Starboard Restructuring Partners and the startup 3R Petroleum is in exclusive negotiations with Petrobras for the acquisition of nine onshore oil fields in the Northeast, for around 1 billion reais, according to two sources familiar with the subject.
The movement comes as the state-owned company seeks to aggressively reduce its plots in mature oil fields, aiming to reduce debts and focus on the pre-salt layer. The current president of Petrobras, Roberto Castello Branco, has prioritized the company's exit from the onshore segment, in which production has dropped dramatically in recent years.
One of the sources said that Starboard is in talks with Petrobras to acquire the Macau and Fazenda Belém groups, which are made up of seven and two oil fields, respectively. Combined, these assets produce around 5 barrels per day (bpd) of oil, according to the document seen by Reuters.
