Of the 109 onshore oil fields that were due to be sold by December 31, 2020, Petrobras sold 61 and returned another 13 to the ANP
Pedrobras gains time to conclude the sale of 69 mature fields on land and shallow waters. The decision was approved yesterday (17/12) by the National Petroleum Agency (ANP). To encourage the exploration of onshore fields, the Government will offer large regional blocks
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Petrobras managed to extend the sale of most of the assets to June of next year, while the remaining portion should have the divestment process completed by December 31, 2021.
It's been two years since Petrobras issued a list to the National Petroleum Agency (ANP) informing its interest in ceding rights in 183 mature fields.
Until April this year, the Brazilian oil company managed to sell 61 fields and return another 13 to the agency. That left, at the time, 109 fields in possession of Petrobras, which should be sold by December 31 of this year.
Despite the efforts of the state-owned company, since April Petrobras has only managed to finalize the sale of 39 oil fields and return one of them. That leaves, currently in the process of being sold, 69 onshore assets.
With the new approval from the National Petroleum Agency (ANP), Petrobras will be able to dispose of 69 of the 54 onshore fields by June 30 of next year. The assets are part of the Recôncavo, Miranga, Remanso, Peroá/Cangoá, Garoupa, Merluza and Ceará centers.
Currently, Petrobras' onshore fields are already at an advanced stage of negotiation, within the contract closing stage or in the binding proposal stage.
With regard to the other 15 remaining assets, the Agency granted a deadline for completing the larger transaction, Petrobras has until December 31, 2021 to sell the fields, which are located in the Bahia Terra, Carmópolis, Potiguar, Norte Capixaba, Alagoas, Urucu and Manati hubs.
