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Petrobras puts up for sale oil exploratory stake in the pre-salt in the Guajira Basin, Colombia

Written by Flavia Marinho
Published 28/07/2020 às 09:48
Petrobras puts up for sale oil exploratory stake in the pre-salt in the Guajira Basin, Colombia
Petrobras puts up for sale oil exploratory stake in the pre-salt in the Guajira Basin, Colombia

The operation is part of a broad Petrobras divestment program, in the pre-salt exploratory portion that involves the so-called Oil Block in Colombia

Petrobras informs that it has started the opportunity disclosure stage regarding the sale of its entire stake in an exploratory portion of pre-salt oil in the Guajira Basin, Colombia. Naval construction in Brazil: Detroit de Itajaí Shipyard, in Santa Catarina, launches an unprecedented vessel to transport live fish

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The operation, which is part of a broad divestment program by Petrobras, in an exploratory pre-salt portion that involves the so-called Tayrona oil block, in deep waters off the northeast coast of Colombia.

The teaser, which contains key information about the opportunity, as well as the eligibility criteria for selecting potential participants, is available on the Petrobras Investor Relations website.

The announcement is in accordance with Petrobras' divestment guidelines and with the provisions of the special procedure for the assignment of rights for exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355/2018.

According to the state-owned company, the operation is in line with the portfolio optimization strategy and the improvement of the company's capital allocation, "starting to increasingly concentrate its resources in deep and ultra-deep waters, where Petrobras has demonstrated a great competitive advantage over the course of of years”.

About the Tayrona oil block for sale by Petrobras

Petrobras is the operator of the area, with a 44,44% stake in the concession through its affiliate PIB-BV, which is Ecopetrol's partner in the asset.

Ecopetrol will be able to exercise preemptive rights for Petrobras' share of the asset, as provided for in an agreement between the parties, added the Brazilian state-owned company. According to the company, the concession is in a subsequent exploratory program and has “the potential to prove significant volumes of gas”.

The concession is in the Post Exploratory Program 1 (PEP1) phase and has a small exploratory commitment to be fulfilled, with the potential to prove significant volumes of gas (world class prospects) and establish a position in a new frontier area. The area is similar to discoveries on the shores of the South Atlantic and Caribbean.

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Flavia Marinho

Flavia Marinho is a postgraduate engineer with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of industry, oil and gas, energy, shipbuilding, geopolitics, jobs and courses. Contact flaviacamil@gmail.com for suggestions, job openings or advertising on our website. Do not send your resume, we are not hiring!

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