Onshore Blocks Can Be Acquired by the Partner in the Projects and Petrobras Confirms It Will Prioritize Discoveries in the Offshore
After announcing in September this year, new offshore oil discoveries in the Sergipe-Alagoas Basin, Petrobras is putting 15 land blocks up for sale in the same basin.
The state-owned company reported that eight blocks are 100% owned by it and seven blocks have NovaPetróleo as a partner.
The Petrobras announcement occurred last Friday (01/11) and refers to the sale of the company’s interests in the 15 oil and gas blocks.
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Of the eight blocks exclusively owned by Petrobras, one was acquired in the 11th Bid Round of the ANP and the other seven in the 12th Round, with contracts signed in 2013 and 2014, respectively.
Regarding the other 7 blocks held in partnership with NovaPetróleo, Petrobras stated that the partner will be able to exercise its purchase preference for the assets after market offers are presented.
These blocks were acquired in the 12th Round and were negotiated on a fifty-to-fifty (50% share for each) basis with Nova Petróleo.
NovaPetróleo
NovaPetróleo is a 100% national company, established on July 31, 2012. Founded by executives with extensive experience in E&P and energy in Brazil and abroad, in partnership with Brazilian investors and access to technological partners.
Initially, NovaPetróleo was conceived to operate in onshore basins with established production, focused on oil, although opportunities for natural gas may be considered.
The company is headquartered in Rio de Janeiro and its main strategies are to operate in: Inactive or producing Mature Fields; Undeveloped Discoveries; Exploration in “ring fences”; Acquisition of companies and participation in ANP rounds.

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