Petrobras Finalizes Sale of 27 Oil Fields in ES to Karavan O&G and Seacrest Capital for 155 Million Dollars

Written by Flavia Marinho

Published on 28/08/2020 at 09:12

Updated on 28/08/2020 at 09:29

O Polo Cricaré no ES à venda pela Petrobras compreende 27 campos de petróleo terrestres, onde a estatal é operadora com 100% de participação nessas concessões.

Seja o primeiro a reagir!

The Cricaré Pole in ES for Sale by Petrobras Includes 27 Onshore Oil Fields, Where the State Company is the Operator with 100% Participation in These Concessions.

After Petrobras announced that it has put up for sale 26 onshore and shallow water oil fields, along with the Clara Camarão Refinery in RN, the state company informed last night in a material fact that it signed with Karavan SPE the contract for the sale of its entire interest in 27 onshore exploration and production fields located in Espírito Santo.

Also Read

The 27 oil fields belong to the Cricaré Pole. Karavan O&G will hold 51%, while Seacrest Capital will hold the remaining 49%.

Petrobras informs that the sale value is US$ 155 million, being (a) US$ 11 million paid on this date; (b) US$ 26 million at the closing of the transaction; and (c) US$ 118 million in contingent payments provided for in the contract. The amounts do not consider the necessary adjustments, and the closing of the transaction is subject to the fulfillment of precedent conditions, such as approval by the National Agency for Oil, Natural Gas and Biofuels.

ARTICLE CONTINUES BELOW

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

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

“This operation is aligned with the strategy of portfolio optimization and improving the company’s capital allocation, increasingly concentrating its resources in deep and ultra-deep waters, where Petrobras has demonstrated a significant competitive advantage over the years” informed Petrobras through a note.

The Cricaré Pole comprises 27 onshore concessions: Biguá, Cacimbas, Campo Grande, Córrego Cedro Norte, Córrego Cedro Norte Sul, Córrego Dourado, Córrego das Pedras, Fazenda Cedro, Fazenda Cedro Norte, Fazenda Queimadas, Fazenda São Jorge, Guriri, Inhambu, Jacutinga, Lagoa Bonita, Lagoa Suruaca, Mariricu, Mariricu Norte, Rio Itaúnas, Rio Preto, Rio Preto Oeste, Rio Preto Sul, Rio São Mateus, São Mateus, São Mateus Leste, Seriema, and Tabuiaiá, which are located in the state of Espírito Santo, in the municipalities of São Mateus, Jaguaré, Linhares, and Conceição da Barra.

Petrobras is the operator with 100% participation in these concessions. The average production of the Cricaré Pole from January to June 2020 was about 1,700 bpd of oil and 14,000 m3/day of gas.

Petrobras Exit in Rio Grande do Norte

Last Monday, Petrobras announced that it has put up for sale 26 onshore and shallow water fields, in addition to the Clara Camarão Refinery. The areas produced an average of 26,000 bpd of oil and 221,000 m3/d of natural gas in 2019. Dubbed the Potiguar Pole, the divestment project was divided into three sub-poles.

Petrobras Finalizes Sale of 27 Oil Fields in ES to Karavan O&G and Seacrest Capital for 155 Million Dollars

The Cricaré Pole in ES for Sale by Petrobras Includes 27 Onshore Oil Fields, Where the State Company is the Operator with 100% Participation in These Concessions.

Also Read

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 Exit in Rio Grande do Norte

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

What seemed like waste has turned into a barrier, and now human hair collected from salons helps retain debris in the water of ancestral channels in Latin America.

Health issues urgent alert for flu and calls for the vaccination of the elderly, children, and pregnant women this Saturday with Day D and drive-thru in Curitiba.

The radio has been in more than half of Brazilian households for decades, and in 2024, for the first time in history, the number of households without a device surpassed those with a device, with a decrease of 2.3 million in just one year.

China banned the export of 22 tons of meat from Argentina.

Archaeologists discover in China a 5,000-year-old tomb with over 350 artifacts, nearly 200 jades, and signs of intentional destruction, in a discovery that could be the gateway to a lost prehistoric kingdom.

This small town in Germany created its own currency 24 years ago, today it circulates millions per year, is accepted in over 300 stores, and the German government allowed all of this to happen under one condition.

A vacuum robot with a five-axis mechanical arm capable of picking up objects from the floor, avoiding obstacles in real time, and continuing to clean on its own inaugurates a new generation of appliances that see, think, and act within the home.

Geographers redefine the Brazilian relief and confirm the presence of mountains in 14 states with a new system that changes historical criteria and alters the way the territory is classified.

Curitiba is shrinking and is expected to lose 97,000 residents by 2050, while inland cities in Paraná such as Sarandi, Araucária, and Toledo are experiencing accelerated growth that is changing the entire state’s map.

Petrobras Finalizes Sale of 27 Oil Fields in ES to Karavan O&G and Seacrest Capital for 155 Million Dollars

The Cricaré Pole in ES for Sale by Petrobras Includes 27 Onshore Oil Fields, Where the State Company is the Operator with 100% Participation in These Concessions.

Also Read

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 Exit in Rio Grande do Norte

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

What seemed like waste has turned into a barrier, and now human hair collected from salons helps retain debris in the water of ancestral channels in Latin America.

Health issues urgent alert for flu and calls for the vaccination of the elderly, children, and pregnant women this Saturday with Day D and drive-thru in Curitiba.

The radio has been in more than half of Brazilian households for decades, and in 2024, for the first time in history, the number of households without a device surpassed those with a device, with a decrease of 2.3 million in just one year.

China banned the export of 22 tons of meat from Argentina.

Petrobras evaluates suspension of sales to distributors and considers canceling the cooking gas auction following guidelines from the Federal Government.

Lula reveals a masterstroke by Petrobras to undo a deal made by Bolsonaro, which involves the return of an important refinery that currently produces less than half of what was expected and makes Brazil dependent on international diesel.

A study confirms that the natural gas sector will reduce greenhouse gas emissions in Brazil by 0.5% and accelerate the energy transition by 2026.

Petrobras implements a severe adjustment and confirms a 55% increase in the price of aviation kerosene with a proposal for installment payments for the companies.

The rise in oil prices could ensure an extra revenue of R$ 100 billion for the Federal Government, indicates a recent economic study.

Archaeologists discover in China a 5,000-year-old tomb with over 350 artifacts, nearly 200 jades, and signs of intentional destruction, in a discovery that could be the gateway to a lost prehistoric kingdom.

This small town in Germany created its own currency 24 years ago, today it circulates millions per year, is accepted in over 300 stores, and the German government allowed all of this to happen under one condition.

A vacuum robot with a five-axis mechanical arm capable of picking up objects from the floor, avoiding obstacles in real time, and continuing to clean on its own inaugurates a new generation of appliances that see, think, and act within the home.

Geographers redefine the Brazilian relief and confirm the presence of mountains in 14 states with a new system that changes historical criteria and alters the way the territory is classified.

Curitiba is shrinking and is expected to lose 97,000 residents by 2050, while inland cities in Paraná such as Sarandi, Araucária, and Toledo are experiencing accelerated growth that is changing the entire state’s map.