Petrobras inicia venda de 11 campos do Polo Garoupa

Petrobras Starts Sale of 11 Production Fields in Shallow Waters of the Campos Basin

Written by Paulo Nogueira

Published on 03/09/2019 at 01:00

Updated on 02/09/2019 at 21:18

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Petrobras Holds 100% Interest in These Fields, Whose Average Production Over the Last 12 Months Was About 19,600 Boe/Day.

Continuing the announcement made in August of this year, Petrobras began yesterday, September 2, the binding phase for the sale of all its interests in 11 shallow water production fields in the Campos Basin, referred to as the Garoupa Hub. New indications of oil were announced by the state-owned company in Sergipe.

The state-owned company informs that those qualified for this phase will receive an invitation letter with detailed instructions about the divestment process, including guidelines for conducting due diligence and submitting binding proposals.

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“This market disclosure is in accordance with Petrobras’ Divestment Systematics and aligned with the provisions of the special procedure for the assignment of exploration, development, and production rights for oil, natural gas, and other fluid hydrocarbons, as foreseen in Decree 9,355/2018. In this particular project, as allowed by the systematics, there will be no non-binding phase”, stated Petrobras.

“This operation is aligned with portfolio optimization and improving the company’s capital allocation, aiming to generate value for our shareholders”, said the oil company, which has been selling non-essential assets.

About the Garoupa Hub

The Garoupa Hub includes the concessions of Anequim, Bagre, Cherne, Congro, Corvina, Malhado, Namorado, Parati, Garoupa, Garoupinha, and Viola, located in shallow waters in the Campos Basin, approximately 80 km from the coast, with reservoir depths between 70m and 740m.

Petrobras holds 100% interest in these fields, whose average production over the last 12 months was about 19,600 Boe/Day.

Petrobras Starts Sale of 11 Production Fields in Shallow Waters of the Campos Basin

Petrobras Holds 100% Interest in These Fields, Whose Average Production Over the Last 12 Months Was About 19,600 Boe/Day.

About the Garoupa Hub

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