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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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ANP halts LPG reform, and Sindigás sees technical caution as a decisive point for safety, investments, and the future of the cylinder in Brazil.
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Oil spill in the Caribbean raises environmental alert and increases tension between Venezuela and Trinidad and Tobago
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More than 40 Petrobras platforms enter the decommissioning queue and open up a billion-dollar industry in Brazil for cranes, special ships, underwater cutting, and offshore recycling.
“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).
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