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The state-owned company finalized the sale of Polo Carmópolis to the company Carmo Energy, after almost a year of process with the company. After finalizing with Petrobras, the new operator should immediately start reactivating production in the area.
Last Tuesday (20/12), the state-owned company Petrobras finalized the sale of its stakes in Polo Carmópolis, located in the state of Sergipe, to the company Carmo Energy. The transaction was finalized after almost a year of the process, which started at the end of 2021, and marks a prosperous future for the area. This is because the new operator must revitalize production in the region, contributing to the generation of around 2800 jobs in the area.
Sale of Polo Carmópolis to the company Carmo Energy is finalized by Petrobras after almost 1 year since the beginning of the transaction
This past Tuesday, Petrobras announced the completion of yet another important transaction for its business portfolio in Brazil.
This involves the sale of all of its stakes in a set of 11 onshore oil and gas production field concessions, with integrated facilities, located in the state of Sergipe, jointly known as Polo Carmópolis, to the energy company Carmo Energy.
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The final value of the sale of the oil and natural gas hub in the Sergipe region is US$ 1,1 billion. Of this amount, US$ 275 million was paid as a down payment, US$ 548 million was paid upon completion of the sale and US$ 275 million will be paid in 12 months.
Polo Carmópolis is an important asset in the fuel sector for the Northeast region of Brazil. Its production during the month of November 2022 reached 4,5 barrels of oil per day and 22 m³/day of gas.
In this way, Carmo Energy will be able to greatly expand its presence in the segment over the next few years.
According to Petrobras, the sale of the asset “is in line with the portfolio management strategy and the improvement of the company's capital allocation, aiming at maximizing value and greater return to society”.
Finally, in its statement, the state-owned company announced the payment of the 1st installment of the remuneration to shareholders approved by its Board of Directors at a meeting held on November 3, 2022.
The gross amount currently corresponds to R$ 1,67445 per outstanding common and preferred share, based on the end of November.
Reactivation of production at Polo Carmópolis after the sale of the state-owned company to Carmo Energy could generate more than 2800 jobs in the oil and natural gas sector
After the conclusion of the sale of Petrobrás' Polo Carmópolis to Carmo Energy this Tuesday, the energy company is already qualified to start the production of fuels in the area.
Thus, Carmo Energy should start operations immediately in the Sergipe region, with expected investments of US$800 million over the next 10 years in the area.
In this way, the reactivation of production in the region will guarantee new growth prospects for the oil and gas sector in the state of Sergipe, with the collection of royalties for the State and municipalities.
Projections for the coming years are that the project to reactivate operations will also open up opportunities for the region's job market, with around 2800 jobs offered to residents.
The operation at the Carmópolis Complex includes 11 onshore fields and access to the infrastructure for processing, outflow, storage and transport of oil and natural gas, in addition to the Atalaia Complex, covering Tecarmo and the Bonsucesso-Atalaia oil pipeline.
