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Petrobras Announces Start of Binding Phase for Sale of Its Entire Interests in Eight Land Exploration and Production Concessions.
Petrobras announced on Monday, August 26, that it has begun the binding phase for the sale of its entire interests in the land concessions of the Rio Ventura Polo in Bahia. In total, the state-owned company will sell its stakes in 8 exploration and production concessions.
Those qualified for the new phase of the divestment process will receive instructions, including on how to submit their proposals for the asset.
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“This operation is aligned with the optimization of the portfolio and the improvement of the company’s capital allocation, aiming to generate value for our shareholders”, reported Petrobras.
Ending Activities at Exploration Well in RN
Petrobras canceled on Friday, August 23, the request for an environmental license to install machinery for the flow of gas and oil from a well located in the municipality of Assú.
The administrative decision number 120596/2019 from the Institute of Sustainable Development and Environment of Rio Grande do Norte (Idema) determines the cessation of activities at the surface line of well 7-ET-0921-RN, located in the production asset of Alto do Rodrigues.
On August 9, the oil company informed that it had signed a contract with SPE 3R Petroleum for the sale of its entire stake in a set of 7 land and offshore production fields, the Macau Polo, in the Potiguar Basin in Rio Grande do Norte, for 191.1 million dollars.
The Macau Polo includes the fields of Aratum, Macau, Serra, Salina Cristal, Lagoa Aroeira, Porto Carão, and Sanhaçu, which together produce about 5.8 thousand barrels of oil equivalent per day.
Petrobras continues its actions to sell exploration areas. The fields in Rio Grande do Norte are also part of the company’s divestment plan that will now focus on its core activity of exploring and producing oil and gas in deep waters.
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