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Petrobras Starts Sale of Assets in Exploration Blocks in the Pará-Maranhão Basin

Written by Flavia Marinho
Published on 06/03/2020 at 19:48
Updated on 06/03/2020 at 20:05
Petrobras inicia venda de ativos de blocos exploratórios na Bacia do Pará-Maranhão
Petrobras inicia venda de ativos de blocos exploratórios na Bacia do Pará-Maranhão
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Petrobras Announces Tonight, March 6, Sale of Its Stake in Exploratory Blocks in the Maranhão Basin

Petrobras informs the start of the binding phase regarding the sale of a portion of its stake in exploratory blocks, belonging to the BM-PAMA-3 and BM-PAMA-8 concessions, located in the Pará-Maranhão Basin. Do You Have Experience in Petrobras Offshore Contracts? There Are Job Openings in Macaé for Technicians and Engineers

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Petrobras operates the blocks, with a 100% stake in BM-PAMA-3 and 80% in BM-PAMA-8, where 20% belongs to Sinopec Brazil.

The state-owned company will sell 50% of its stake in Block BM-PAMA-3 and in BM-PAMA-8; the divestment of the oil company will be 40%. Sinopec has a right of first refusal for this block, should it wish to exercise it.

Petrobras informs that those qualified for this phase will receive an invitation letter with instructions regarding the divestment process, including guidelines for conducting due diligence and for submitting binding proposals.

According to the state-owned company, this disclosure complies with Petrobras’ divestment guidelines. The operation is aligned with the optimization of the portfolio and the improvement of the company’s capital allocation, aiming to generate value for its shareholders.

About Petrobras’ Exploratory Blocks in the Maranhão Basin

The BM-PAMA-3 concession was acquired in the 3rd ANP Bidding Round by Petrobras (100%) and is currently in the Discovery Evaluation phase, due to the discovery made in well 1-BRSA-903-PAS (Harpia).

The BM-PAMA-8 concession, which includes blocks PAMA-M-192 and PAMA-M-194, was acquired in the 6th ANP Bidding Round. It currently belongs to the consortium formed by Petrobras (operator – 80%) and Sinopec Exploration and Production (Brazil) Ltd. (20%) and is in the 2nd Exploratory Period.

Flavia Marinho

Flavia Marinho é Engenheira pós-graduada, com vasta experiência na indústria de construção naval onshore e offshore. Nos últimos anos, tem se dedicado a escrever artigos para sites de notícias nas áreas militar, segurança, indústria, petróleo e gás, energia, construção naval, geopolítica, empregos e cursos. Entre em contato com flaviacamil@gmail.com ou WhatsApp +55 21 973996379 para correções, sugestão de pauta, divulgação de vagas de emprego ou proposta de publicidade em nosso portal.

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