Petrobras Announces Progress in the Sale of the Marlim Field, Located in Deep Waters of the Campos Basin

Written by Flavia Marinho

Published on 14/12/2020 at 09:54

Updated on 14/12/2020 at 09:56

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The Marlim Hub Includes the Concessions, Voador, Marlim Leste, and Marlim Sul. According to Petrobras’ Report, the State-Owned Company Will Remain the Operator of the Fields

Petrobras informed this morning (12/14) in a relevant fact the start of the non-binding phase regarding the sale of 50% of its stake in the Marlim Hub, predominantly located in deep waters in the Campos Basin. It was authorized by Alerj, PEC that Allocates All Pre-Salt Royalty Resources for Health and Public Education in the State of RJ

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The Marlim Hub includes the concessions, Voador, Marlim Leste, and Marlim Sul. According to Petrobras’ report, the state-owned company will remain the operator of the fields.

According to Carlos José Travassos, Executive Manager of Deep Waters, the initiative is far from being a move for Petrobras to exit the Campos Basin. “This is a fundamental requirement for the continuity of our operations in more challenging scenarios. It is just part of the ongoing renewal plan for the Campos Basin, which includes the exploratory campaign for the 14 blocks acquired between 2017 and 2019, occupying an area nearly the size of a new Campos Basin,” says Travassos.

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Travassos also states that the revitalization of Marlim involves the interconnection of more than 100 wells to the systems already in operation, complementary development projects, new production systems with the installation of three new FPSOs, the reorganization of flow networks, and the recovery of existing unit integrity. “Establishing a partnership in Marlim allows for the sharing of costs and risks and, of course, opportunities. This move enhances cash generation, important not only for reducing our debt but also for ensuring the investments planned in the Campos Basin renewal plan,” concludes the Executive Manager of Deep Waters.

Petrobras explains in a statement that qualified potential buyers for this phase will receive instructions on the divestment process and that the main subsequent steps of the project will be timely communicated to the market.

This disclosure complies with Petrobras’ internal regulations and the special procedure for the assignment of exploration rights.

About the Marlim Hub in the Campos Basin – Petrobras

The Marlim Hub consists of 4 production concessions located in the Campos Basin, where Petrobras is the operator of the fields with 100% participation.

The Marlim and Voador fields are located in deep waters off the northern coast of the state of Rio de Janeiro. Together, Marlim and Voador produced an average of approximately 68,900 barrels of oil per day and 934,000 m³/day of gas between January and October 2020.

The Marlim Sul field is situated to the south of the Marlim and Marlim Leste fields and produced about 109,600 barrels of oil per day and 2,062,000 m³/day of gas from January to October 2020.

Petrobras Announces Progress in the Sale of the Marlim Field, Located in Deep Waters of the Campos Basin

The Marlim Hub Includes the Concessions, Voador, Marlim Leste, and Marlim Sul. According to Petrobras’ Report, the State-Owned Company Will Remain the Operator of the Fields

Read Also

About the Marlim Hub in the Campos Basin – Petrobras

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Petrobras Announces Progress in the Sale of the Marlim Field, Located in Deep Waters of the Campos Basin

The Marlim Hub Includes the Concessions, Voador, Marlim Leste, and Marlim Sul. According to Petrobras’ Report, the State-Owned Company Will Remain the Operator of the Fields

Read Also

About the Marlim Hub in the Campos Basin – Petrobras

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Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

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