Petrobras Sells Stake in Exploratory Blocks in the Espírito Santo Basin

Written by Flavia Marinho

Published on 02/06/2020 at 11:15

Updated on 02/06/2020 at 11:31

Petrobras põe a venda participação em blocos exploratórios na Bacia do Espírito Santo

Be the first to react!

The Oil Blocks for Sale by Petrobras Belong to the Concessions ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11, and ES-M-743_R11

Petrobras announced last night (01), the teaser regarding the sale of part of its participation in the exploratory blocks in the Espírito Santo Basin. Also yesterday, the state-owned company announced the progress of the process to sell oil fields in the Camamu Basin, Bahia

Read Also

The oil blocks belong to the concessions ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11, and ES-M-743_R11,

ARTICLE CONTINUES BELOW

About Petrobras’ Concessions and Participation in the Exploratory Blocks

The concessions for the exploratory blocks ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11, and ES-M-743_R11 were acquired in the 11th Bidding Round by ANP in 2013 and are currently in the 1st Exploratory Period.

Check below Petrobras’ current participation in the concessions

ES-M-596_R11 Petrobras (50%) – operator; Equinor (50%)
ES-M-598_R11 Petrobras (40%); Equinor (40%) – operator; Enauta (20%)
ES-M-671_R11 Petrobras (40%); Equinor (35%) – operator; Total (25%)
ES-M-673_R11 Petrobras (40%); Equinor (40%) – operator; Enauta (20%)
ES-M-743_R11 Petrobras (40%); Equinor (35%) – operator; Total (25%)

The process for the transfer of Equinor’s stakes to Petrobras is underway before CADE and ANP, with the consequent transfer of operations, and Total’s, with an expected completion in the second half of 2020.

Check below a summary of the concessions and the total divestment percentage of Petrobras after the completion of the processes before the regulatory agencies

ES-M-596_R11 100 to 50
ES-M-598_R11 80 to 40
ES-M-671_R11 100 to 50
ES-M-673_R11 80 to 40
ES-M-743_R11 100 to 50

According to Petrobras, the concessions are strategically positioned in relation to the post-salt discoveries in areas known as Parque dos Deuses, Parque dos Doces, and Parque dos Cachorros, in the Espírito Santo Basin, with the potential to prove significant volumes and establish a position in a new exploratory frontier for both pre-salt and post-salt.

The teaser, which contains the main information about the opportunity, as well as the eligibility criteria for selecting potential participants, is available on Petrobras’ website

Petrobras Sells Stake in Exploratory Blocks in the Espírito Santo Basin

The Oil Blocks for Sale by Petrobras Belong to the Concessions ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11, and ES-M-743_R11

Read Also

About Petrobras’ Concessions and Participation in the Exploratory Blocks

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

How much would a Toyota Hilux cost without tax in Brazil? A diesel pickup truck priced at R$ 250,000 could drop to around R$ 127,000, showing why pickup trucks have become a luxury product in the country.

Windows without a prison-like appearance gain momentum in 2026 and promise to completely transform residential facades with more natural lighting, discreet security, increased property value, and a modern look without the burden of the old iron bars that dominated Brazilian homes for decades.

The largest precious metals mine under construction in the world is situated on a layer of ore 25 times thicker than common mines in South Africa, and has just connected a third shaft that will quintuple the extraction of platinum, palladium, and gold.

Neither human nor dinosaur: ancestral skeleton nearly 1,000 years old found on eroded road in Australia intrigues archaeologists by the way it was buried

Petrobras Sells Stake in Exploratory Blocks in the Espírito Santo Basin

The Oil Blocks for Sale by Petrobras Belong to the Concessions ES-M-596_R11, ES-M-598_R11, ES-M-671_R11, ES-M-673_R11, and ES-M-743_R11

Read Also

About Petrobras’ Concessions and Participation in the Exploratory Blocks

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

While Brazil sits on the pre-salt and still imports diesel, Turkey, which produces almost no oil, crossed half the world to drill 7,500 meters below the sea in Somalia in search of its own fuel.

Why didn’t oil reach $150 even after three months of the Strait of Hormuz being closed?

Farmer drills well in Ceará in search of water, accidentally finds crude oil and sees million-dollar discovery hindered by a rule that completely changes the future of the site.

Family finds oil on a 49-hectare site in Ceará, but exploration has no timeline or guarantee of happening

When drilling an artesian well, a farmer wanted water but found oil: ANP confirms that the dark liquid found by a farmer on a site in Ceará is crude oil.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

How much would a Toyota Hilux cost without tax in Brazil? A diesel pickup truck priced at R$ 250,000 could drop to around R$ 127,000, showing why pickup trucks have become a luxury product in the country.

Windows without a prison-like appearance gain momentum in 2026 and promise to completely transform residential facades with more natural lighting, discreet security, increased property value, and a modern look without the burden of the old iron bars that dominated Brazilian homes for decades.

The largest precious metals mine under construction in the world is situated on a layer of ore 25 times thicker than common mines in South Africa, and has just connected a third shaft that will quintuple the extraction of platinum, palladium, and gold.

Neither human nor dinosaur: ancestral skeleton nearly 1,000 years old found on eroded road in Australia intrigues archaeologists by the way it was buried