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Petrobras Is Operator With 100% Stake in These Fields, Which Produced an Average of Approximately 29,2 Thousand Cubic Meters Per Day of Gas in 2018.
This Friday, September 20, Petrobras informed in continuation of the announcement made in July this year, the start of the binding phase regarding the sale of the entirety of the company’s stakes in four land exploration and production concessions, located in the state of Bahia, collectively called Polo Tucano Sul.
Those qualified for this phase will receive an invitation letter with detailed instructions on the divestment process, including guidelines for conducting due diligence and submitting binding proposals, the state-owned company reported.
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According to Petrobras, this operation is aligned with portfolio optimization and improved capital allocation for the company, aiming to generate value for its shareholders.
About Polo Tucano Sul
Polo Tucano Sul comprises four land concessions: Fazenda Matinha, Conceição, Quererá, and Fazenda Santa Rosa fields, in the Tucano Basin.
Petrobras Is Operator With 100% Stake in These Fields, Which Produced an Average of Approximately 29,2 Thousand Cubic Meters Per Day of Gas in 2018.
In Rio, ANP Approves Sale of Petrobras Fields to Perenco
On September 12, the National Petroleum Agency (ANP) approved the sale of the Carapeba, Pargo, and Vermelho fields, in the Campos Basin, from Petrobras to Perenco. In July 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 last year was concluded for US$ 370 million, with 20% (US$ 74 million) paid at the time. The remainder will be paid upon closing the transaction, considering the necessary adjustments.
The companies will have to present to ANP a transition plan for the operations. Carapeba, Pargo, and Vermelho comprise the Polo Nordeste in shallow waters, off the coast of the State of Rio de Janeiro.
At the time of the announcement of the deal, the concessions were producing, together, about 9 thousand barrels of oil per day.
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