Petrobras inicia venda de sua participação em Blocos Exploratórios na Bacia do Maranhão

Petrobras Starts Sale of Its Stake in Exploration Blocks in the Maranhão Basin

Written by Paulo Nogueira

Published on 03/02/2020 at 22:27

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Sinopec Brazil Is a Partner of Petrobras in One of These Blocks in the Maranhão Basin and Can Exercise Right of First Refusal Over It

In a press release this Monday evening (03), Petrobras announces that it has kicked off the process to divest from the exploratory blocks it participates in the Maranhão Basin, named BM-PAMA-3 and BM-PAMA-8.

Nowadays, Petrobras is the operator of these blocks, holding a 100% stake in BM-PAMA-3 and an 80% stake in BM-PAMA-8, while Sinopec Brazil holds the remaining 20%.

In Block BM-PAMA-3, Petrobras will sell half of its stake or 50%.

ARTICLE CONTINUES BELOW

About These Exploratory Blocks of Petrobras

The BM-PAMA-3 concession originates from the 3rd Round of Bidding by ANP 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 comprises the PAMA-M-192 and PAMA-M-194 blocks, was acquired in the 6th Round of Bidding by ANP. Currently, it belongs to the consortium formed by Petrobras (operator – 80%) and Sinopec (20%) and is in the 2nd Exploratory Period.

The concessions present a limited exploratory commitment with the potential to prove significant volumes and establish a position in a new exploratory frontier.

Petrobras Starts Sale of Its Stake in Exploration Blocks in the Maranhão Basin

Sinopec Brazil Is a Partner of Petrobras in One of These Blocks in the Maranhão Basin and Can Exercise Right of First Refusal Over It

About These Exploratory Blocks of Petrobras

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Petrobras Starts Sale of Its Stake in Exploration Blocks in the Maranhão Basin

Sinopec Brazil Is a Partner of Petrobras in One of These Blocks in the Maranhão Basin and Can Exercise Right of First Refusal Over It

About These Exploratory Blocks of Petrobras

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