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Petrobras Is The Operator With 80% Stake In The Oil Block, In Consortium With Repsol Sinopec Brasil Which Holds The Remaining 20%.
Petrobras informed last night (09/08) in a relevant fact, the start of the binding phase regarding the sale of 50% to 100% of its stake, with the transfer of operation, in the concession of the oil block BM-S-51 in the Santos Basin. Petrobras Opens Bidding For Hiring Flexible Pipelines
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According To Petrobras, The Concession Acquired In 2005 And That Is In The First Exploratory Period Of The Pre-Salt, Is Located In Water Depths Ranging From 350 To 1,650 Meters And About 215 Kilometers From The Coast Of São Paulo.
“Qualified Potential Buyers For This Phase Will Receive An Invitation Letter With Instructions On The Divestment Process, Including Guidelines For Conducting Due Diligence And For Submitting Binding Proposals”, Petrobras Said In The Statement.
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“This Operation Is Aligned With The Optimization Of The Portfolio And The Improvement Of The Company’s Capital Allocation, Aiming To Generate Value For Its Shareholders”, The State-Owned Company Added.
Petrobras Is The Operator With 80% Stake In The Oil Block, In Consortium With Repsol Sinopec Brasil Which Holds The Remaining 20%.
About The Petrobras BM-S-51 Oil Block Concession
The BM-S-51 Concession Was Acquired In The 7th Bidding Round Of Blocks Held By The National Agency Of Petroleum – ANP In 2005 And Is In The 1st Exploratory Period, With A Remaining Commitment To Drill A Well To Comply With The Minimum Exploratory Program.
