Another 28 oil fields are sold by Petrobras in Bahia, the oil company says it will focus on the pre-salt in the southeast region

This Wednesday morning, the oil market leader – Petrobras announced through its press release the sale of another 28 oil fields in Bahia with the aim of focusing on the pre-salt in the southeast region.  

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28 oil fields sold

Petrobras started this Wednesday morning (04) the disclosure of the teaser for the sale of the 28 oil fields, the onshore fields are located in the Recôncavo and Tucano Basin.  

Petrobras says that the sale of the 28 oil fields located in Bahia is part of its strategy to align the portfolio and centralize even more investments in the Pre-salt of the Southeast, where the oil company has been competitive over the years.

Bahia Terra Pole  

According to Petrobras, the hub has around 1.700 wells in operation, 19 collection stations, 12 collection points, 2 oil treatment stations, 6 collection and compressor stations, 4 water injection stations, approximately 980 kilometers of gas and oil pipelines , in addition to the administrative bases of Taquipe, Santiago, Buracica, Araçás and Fazenda.  

Average production at the Pole from January to August 2020 broke records at more than 14 barrels of oil per day and 642 m3/day of gas. Market leader Petrobras has a 100% stake in these oil fields and claims that the Southeast Pre-salt will become even bigger with investments in ultra-deep waters.

Petrobras accelerates the sale of assets  

Between January 2019 and July 2020, Petrobras opened 48 asset sales processes to focus on the pre-salt layer, an average of 2,5 per month. The number is much higher than the 1,4 per month opened during the Michel Temer government and eight times the 0,4 per month verified in the second Dilma Rousseff administration.  

The statistic, prepared by Dieese (Inter-Union Department of Statistics and Socio-Economic Studies), portrays the main strategic change in the company under the command of economist Roberto Castello Branco, appointed by President Jair Bolsonaro to chair the state-owned company.