Petrobras Puts All Oil Fields in RN Up For Sale, Potentially Exiting Northeast Operations

Written by Flavia Marinho

Published on 23/12/2020 at 12:32

O Polo Potiguar no RN à venda pela Petrobras compreende três subpolos, totalizando 23 campos de petróleo terrestres e 3 marítimos. Operações da estatal no nordeste estão em risco para direcionar o foco no pré-sal do sudeste

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The Potiguar Pole in RN For Sale by Petrobras Includes Three Sub-Poles, Totaling 23 Onshore Oil Fields and 3 Offshore. Operations by the State-Owned Company in the Northeast Are at Risk to Focus on the Pre-Salt in the Southeast

Petrobras informed this morning (12/23) about the beginning of the binding phase regarding the sale of all its stakes in the Clara Camarão Refinery in Guamaré and twenty-six onshore and shallow water production fields, located in the Potiguar Basin, in the state of Rio Grande do Norte – RN, collectively named the Potiguar Pole.

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The average production of the Potiguar Pole from January to June 2020 was approximately 23,000 barrels of oil per day and 124,000 m³/day of natural gas.

The Potiguar Pole in Rio Grande do Norte includes three sub-poles: Canto do Amaro, Alto do Rodrigues, and Ubarana, totaling 26 production fields, comprising 23 onshore and 3 offshore, in addition to access to processing, refining, logistics, storage, transportation, and oil and natural gas transportation infrastructure.

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The concessions of the Ubarana sub-pole are located in shallow waters, between 10 and 22 km from the coast of Guamaré-RN. The fields of Cioba, Oeste de Ubarana, and Ubarana have a total of 28 platforms installed in shallow water. There are 17 fixed platforms, of which 2 are manned, and 11 steel jackets.

The buyer will also acquire the administrative and operational base of Alto do Rodrigues (RN), including maintenance and preservation park for well pipelines and material stock.

In addition to the concessions and their production facilities, Petrobras included in the transaction the Clara Camarão Refinery located in Guamaré, RN, with an installed refining capacity of 39,600 bpd.

“Qualified potential buyers for this phase will receive an invitation letter with detailed instructions on the disinvestment process, including guidance for conducting due diligence and submitting binding proposals,” Petrobras stated in the announcement.

According to Petrobras, this disclosure is in accordance with Petrobras’s internal regulations and the provisions of the special procedure for the transfer of exploration, development, and production rights for oil and natural gas.

“This operation is aligned with the strategy of optimizing the portfolio and improving the company’s capital allocation, increasingly focusing its resources on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated a significant competitive advantage over the years,” the state-owned company concluded.

Petrobras Puts All Oil Fields in RN Up For Sale, Potentially Exiting Northeast Operations

The Potiguar Pole in RN For Sale by Petrobras Includes Three Sub-Poles, Totaling 23 Onshore Oil Fields and 3 Offshore. Operations by the State-Owned Company in the Northeast Are at Risk to Focus on the Pre-Salt in the Southeast

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Petrobras Puts All Oil Fields in RN Up For Sale, Potentially Exiting Northeast Operations

The Potiguar Pole in RN For Sale by Petrobras Includes Three Sub-Poles, Totaling 23 Onshore Oil Fields and 3 Offshore. Operations by the State-Owned Company in the Northeast Are at Risk to Focus on the Pre-Salt in the Southeast

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