Petrobras Advances Sale Of Seven Onshore Oil And Gas Fields In The State Of Amazonas

Written by Flavia Marinho

Published on 07/08/2020 at 12:47

A Petrobras vai vender campos de petróleo e gás do Polo Urucu, no Amazonas, além de unidades de processamento de gás natural (UPGNs)

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Petrobras Sells Oil And Gas Fields At Urucu Field In Amazonas, Along With Natural Gas Processing Units (UPGNs)

On Friday (08/07), Petrobras announced in a relevant fact the beginning of the binding phase for the sale process of onshore oil and natural gas producing fields at the Urucu Field, located in the Solimões Basin in Amazonas. The fields are among the largest onshore producers in Brazil. Shipbuilding: Petrobras Gave Up Works In Brazil To Lower The Charter Price And FPSO Mero 3 Is At Risk Of Being Built Abroad

In addition, the state-owned company is selling four natural gas processing units (UPGNs) and treatment and compression stations, oil tanks, and LPG spheres.

In total, seven oil and gas fields are being offered – Araracanga, Arara Azul, Carapanaúba, Cupiúba, East of Urucu, Rio Urucu, and Southwest Urucu – which produce 16,525 thousand barrels/day of oil and condensate and 14,281 million m³/day of natural gas. The processing units include an LPG plant that produces 1.137 million tons.

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The fields are in a remote area and have an airport, medical center, and logistics support bases, all up for sale.

According to Petrobras, “This operation is aligned with the strategy of portfolio optimization and improving the allocation of the company’s capital, increasingly concentrating its resources on deep and ultra-deep waters, where Petrobras has shown a great competitive differential over the years.”

In Addition To Advancing The Sale Of The Urucu Field, Petrobras Announced Yesterday That It Completed The Sale Of The Onshore Dó-Ré-Mi Field In The Sergipe Lagoon To Centro Oeste Óleo E Gás.

According to Petrobras’ report, the sale value is US$ 37.6 thousand, to be paid by Centro Oeste Óleo e Gás in a single installment upon signing the contract.

The closing of the transaction is subject to the fulfillment of precedents. Among them are the non-exercise of the right of first refusal by the current partner Petrogal Brasil S.A. and approval by the ANP (National Agency of Petroleum, Natural Gas and Biofuels).

Petrobras Advances Sale Of Seven Onshore Oil And Gas Fields In The State Of Amazonas

Petrobras Sells Oil And Gas Fields At Urucu Field In Amazonas, Along With Natural Gas Processing Units (UPGNs)

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In Addition To Advancing The Sale Of The Urucu Field, Petrobras Announced Yesterday That It Completed The Sale Of The Onshore Dó-Ré-Mi Field In The Sergipe Lagoon To Centro Oeste Óleo E Gás.

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Petrobras Advances Sale Of Seven Onshore Oil And Gas Fields In The State Of Amazonas

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