After Oil Field Sales – Petrobras Begins to Say Goodbye to Bahia, Where Oil Still Belonged to Brazilians, According to Expert

Written by Valdemar Medeiros

Published on 07/11/2020 at 11:29

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Previously the Leader of the Brazilian Oil Market (Petrobras) Started the Process of Selling Its Shares in the Bahia Terra Cluster in Different Municipalities of Bahia

Petrobras has entered the teaser phase to sell its stakes in 28 concessions of land oil production fields and associated facilities in the Recôncavo and Tucano basins in different municipalities of the state of Bahia.

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Petrobras Losses

The losses of Petrobras are spread across the municipalities of Alagoinhas, Esplanada, Araçás, Cardeal da Silva, Entre Rios, Catu, Pojuca, Mata de São João, Candeias, and São Francisco do Conde. According to Radiovaldo, Petrobras employees will be transferred to Rio de Janeiro or São Paulo, and ultimately encouraged to retire.

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“The oil exploration that began in Bahia has now taken a different direction and will continue this way for more than half a century, only with the feeling that the oil used to be ours,” laments the columnist from Portal A Tarde.

Petrobras stated in a statement: “This disclosure is in accordance with Petrobras’s internal rules and with the provisions of the special procedure for the assignment of rights for exploration, development, and production of oil, natural gas, and other fluid hydrocarbons, as provided in Decree 9.355/2018.

“This transaction in the oil market is aligned with the company’s strategy for portfolio optimization and capital allocation improvement, increasingly concentrating its resources on world-class deep and ultra-deep water assets, where Petrobras has demonstrated significant competitive advantages over the years.”

Petrobras Contracts

In August, Petrobras signed a contract with SPE Rio Ventura to sell its entire stake in eight land oil fields in Bahia. In July, Petrobras signed a purchase and sale agreement to sell its 10% stake in the gas pipeline company TAG to Engie Brasil and the Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ).

After Oil Field Sales – Petrobras Begins to Say Goodbye to Bahia, Where Oil Still Belonged to Brazilians, According to Expert

Previously the Leader of the Brazilian Oil Market (Petrobras) Started the Process of Selling Its Shares in the Bahia Terra Cluster in Different Municipalities of Bahia

Petrobras Losses

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Petrobras Contracts

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After Oil Field Sales – Petrobras Begins to Say Goodbye to Bahia, Where Oil Still Belonged to Brazilians, According to Expert

Previously the Leader of the Brazilian Oil Market (Petrobras) Started the Process of Selling Its Shares in the Bahia Terra Cluster in Different Municipalities of Bahia

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The U.S. Army surprises the world by presenting the UH-60MX Black Hawk helicopter capable of flying without pilots, controlled by a tablet, featuring the MATRIX system, smart sensors, and full autonomy in real combat and rescue missions.

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