Petrobras Reports Progress in Selling the Natural Gas Processing Unit and Seven Oil Fields in the State of Alagoas

Written by Flavia Marinho

Published on 29/07/2020 at 11:26

Petrobras informa avanço na venda da Unidade de Processamento de Gás Natural e de sete campos de petróleo no estado de Alagoas

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According to Petrobras, in addition to the oil fields and their production facilities, the Natural Gas Processing Unit (UPGN) in Alagoas is included in the transaction

Petrobras announced on Wednesday (29) the progress in the process of selling its entire stake in a set of seven concessions for onshore and shallow water oil fields located in the state of Alagoas. The Gas Market in Shipbuilding: Brazilian Shipyards Are Being Consulted to Build Gas Carriers

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According to Petrobras, in addition to the concessions and their production facilities, the Natural Gas Processing Unit (UPGN) in Alagoas, responsible for processing 100% of the gas from the hub and for generating LNG, which has a processing capacity of 2 million cubic meters per day, is included in the transaction.

The divestment in the so-called Alagoas Hub thus enters the non-binding phase, in which qualified potential buyers receive instructions for submitting initial proposals for the asset.

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The operation aligns with Petrobras’ portfolio optimization strategy and capital allocation improvement, as the company increasingly concentrates its resources in deep and ultradeep waters, where it has shown a significant competitive advantage over the years.

About the Onshore Oil Fields for Sale by Petrobras in Alagoas

The Alagoas Hub comprises seven production concessions (Anambé, Arapaçu, City of São Miguel dos Campos, Furado, Paru, Pilar, and São Miguel dos Campos), all located in the state of Alagoas.

The Paru field is located in shallow water, with a water depth of 24 meters. The other fields are onshore.

In 2019, the average production of the hub was 2,348 barrels of oil and condensate and 856 thousand m³/day of gas, generating a total of 1,010 bpd of LNG.

Petrobras Reports Progress in Selling the Natural Gas Processing Unit and Seven Oil Fields in the State of Alagoas

According to Petrobras, in addition to the oil fields and their production facilities, the Natural Gas Processing Unit (UPGN) in Alagoas is included in the transaction

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About the Onshore Oil Fields for Sale by Petrobras in Alagoas

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According to Petrobras, in addition to the oil fields and their production facilities, the Natural Gas Processing Unit (UPGN) in Alagoas is included in the transaction

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