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Petrobras begins the sale of onshore fields at the Tucano Sul Pole, in Bahia

Written by Paulo Nogueira
Published 20/09/2019 às 15:50

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Petrobras sale of Bahia fields

Petrobras is the operator with a 100% stake in these fields, which in 2018 produced an average of around 29,2 cubic meters per day of gas.

This Friday, September 20, Petrobras continued the statement released in July of this year, the start of the binding phase referring to the sale of all of the company's stakes in four onshore exploration and production concessions, located in the state of Bahia, jointly known as Polo Tucano Sul.

Those qualified for this phase will receive an invitation letter with detailed instructions on the divestment process, including guidelines for carrying out due diligence and for sending binding proposals, informed the state-owned company.

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According to Petrobras, this operation is aligned with optimizing the company's portfolio and improving the allocation of capital, with a view to generating value for its shareholders.

About the Tucano South Pole

The Tucano South Pole comprises four onshore concessions: the Fazenda Matinha, Conceição, Quererá and Fazenda Santa Rosa fields, in the Tucano Basin.

Petrobras is the operator with a 100% stake in these fields, which in 2018 produced an average of around 29,2 cubic meters per day of gas.

In Rio, ANP approves sale of Petrobras fields to Perenco

On September 12, the Natural Petroleum Agency (ANP) approved the sale of the Carapeba, Pargo and Vermelho fields, in the Campos Basin, from Petrobras, to Perenco. In July of this year, Perenco announced its plans to revitalize at least 50 wells in the Campos Basin

The deal between Petrobras and Perenco signed in November of last year, was closed in the amount of US$ 370 million, with 20% (US$ 74 million) paid at the time. The remainder will be paid at the closing of the transaction, considering the necessary adjustments.

Companies will have to submit to the ANP an operations transition plan. Carapeba, Pargo and Vermelho make up the Northeast Pole in shallow waters, off the coast of the State of Rio de Janeiro.

When the deal was announced, the concessions together produced around 9 barrels of oil per day.

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Paulo Nogueira

An electrical engineer graduated from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), I worked for several years in the areas of offshore oil and gas, energy and construction. Today, with over 8 publications in magazines and online blogs about the energy sector, my focus is to provide real-time information on the Brazilian employment market, macro and micro economics and entrepreneurship. For questions, suggestions and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes for this purpose.

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