1. Home
  2. / Oil and Gas
  3. / Petrobras Signs Contract to Sell Onshore Fields in the Miranga Cluster in Bahia
Location BA Reading time 2 min of reading

Petrobras Signs Contract to Sell Onshore Fields in the Miranga Cluster in Bahia

Written by Roberta Souza
Published on 24/02/2021 at 23:53
Petrobras, Bahia
Petrobras
Seja o primeiro a reagir!
Reagir ao artigo

The Signed Contract Between Petrobras and SPE Miranga Establishes the Sale of Its Participation in 9 Onshore Fields in Bahia

Petrobras informs that it signed today with SPE Miranga S.A., a wholly-owned subsidiary of PetroRecôncavo S.A., a contract for the sale of its entire participation in nine onshore exploration and production fields, known as Polo Miranga, located in the state of Bahia. The total sale amount is US$ 220.1 million.

See Also:

The payment distribution will be as follows: US$ 11 million paid on this date; US$ 44 million at the closing of the transaction; US$ 80.1 million deferred in three installments over three years from the closing of the transaction and up to US$ 85 million in contingent payments related to future oil prices.

This operation aligns with the company’s portfolio optimization strategy and improvement of capital allocation, increasingly concentrating its resources on world-class assets in deep and ultra-deep waters, where Petrobras has shown a significant competitive advantage over the years.

“With this operation, we continue to focus on maximizing the value of our portfolio and also open up opportunities for other companies in the sector to thrive as well. We believe that Polo Miranga can develop, receiving new resources and increasing its lifespan, with a positive impact on job creation and income for the region,” highlights the Director of Institutional Relations and Sustainability at Petrobras, Roberto Ardenghy.

Polo Miranga

The Polo includes the onshore fields of Miranga, Fazenda Onça, Riacho São Pedro, Jacuípe, Rio Pipiri, Biriba, Miranga Norte, Apraiús, and Sussuarana, located in the state of Bahia. Petrobras is the operator with 100% participation in these concessions. The average production of Polo Miranga in 2020 was approximately 899 barrels of oil per day (bpd) and 376.8 thousand m³/day of natural gas.

Roberta Souza

Autora no portal Click Petróleo e Gás desde 2019, responsável pela publicação de mais de 8.000 matérias que somam milhões de acessos, unindo técnica, clareza e engajamento para informar e conectar leitores. Engenheira de Petróleo e pós-graduada em Comissionamento de Unidades Industriais, também trago experiência prática e vivência no setor do agronegócio, o que amplia minha visão e versatilidade na produção de conteúdo especializado. Desenvolvo pautas, divulgo oportunidades de emprego e crio materiais publicitários direcionados para o público do setor. Para sugestões de pauta, divulgação de vagas ou propostas de publicidade, entre em contato pelo e-mail: santizatagpc@gmail.com. Não recebemos currículos

Share in apps