English 
Francês 
Alemão 
Italiano 
Japonês 
Norueguês 
Portuguese 
Spanish 
3 min of reading 
The Atapu Field, Responsible for a Large Portion of Petrobras’ Pre-Salt Oil Production, Was the Reason for the Billion-Dollar Payment Made by TotalEnergies to the State-Owned Company, as It Will Have a Stake in the Resource’s Exploration in This Structure
During last Tuesday (04/26), the Brazilian state-owned company Petrobras announced the receipt of a compensation payment from TotalEnergies amounting to R$ 4.7 billion. This payment is due to the company’s participation in oil production through the pre-salt in the Atapu field, one of the most important for the company currently for the exploration of raw material in the national territory.
Video: Atapu Field Was Acquired by the Brazilian State-Owned Company, TotalEnergies and Shell
TotalEnergies Makes Compensation Payment of R$ 4.7 Billion to Petrobras for Its Minority Stake in Oil Production at the Atapu Field
The Brazilian state-owned company Petrobras announced this week that it received a compensation payment of 4.7 billion reais (approximately US$ 940.24 million) from TotalEnergies EP Brasil Ltda for the Atapu oil field, which has a focus on pre-salt oil exploration, one of the company’s and the global oil sector’s biggest bets for expansion over the coming years in Brazil and throughout the global production chain.
Thus, Petrobras also commented that this payment was made in reference to a 22.5% stake in a consortium formed between the company, Shell Brasil Petróleo Ltda (25%), and TotalEnergies. Therefore, the R$ 4.7 billion payment made by the company to the Brazilian state-owned firm was referencing this minority participation in the pre-salt exploration and oil production operations that will take place in the Atapu oil field, which belongs to the company.
-
Petrobras finds high-quality oil in the pre-salt at 113 km from RJ and reignites expectations about strategic reserves in the Campos Basin.
-
Ocyan opens registrations for startups focused on innovation in the oil and gas sector and will select projects for Innovation Day with the support of Nexio.
-
Petrobras announces new oil discovery in the pre-salt of the Campos Basin and reinforces Brazil’s prominence with high-quality reserves that can increase production and energy revenues.
-
Alert in the fuel market: Analysts and a former director of ANP warn that oil prices may worsen in the coming months due to global instability.
In addition, over the past few weeks, the European giant Shell deposited nearly US$ 1.1 billion into the Brazilian state-owned company for a stake in oil production also in the Atapu pre-salt exploration field. The compensation payments from both companies are covering the unrecoverable costs incurred so far by the operator Petrobras, which in 2010 received contractual rights to produce 550 million barrels of oil equivalent from Atapu. Thus, the state-owned company will be able to benefit from these funds for more investments within the production chain of the field over the next few years.
Consortium of Petrobras, TotalEnergies, and Shell Will Be Responsible for Joint Work for Oil Production in the Pre-Salt Exploration Field of Atapu
After the consortium formed between Petrobras, with a total stake of 52.5%, Shell with 25%, and TotalEnergies with 22.5%, the companies agreed in December of last year to acquire surplus volumes that were auctioned by the Brazilian government for the Atapu oil production field. However, the surplus volumes in question were never disclosed by the government for the continuation of the partnership between the three companies in this initiative.
Despite this, the companies will now work together to develop the remaining resources in the Atapu pre-salt field, where production began in June 2020 through the floating production, storage, and offloading vessel P-70. Additionally, compensation payments will also be essential for the production sharing contracts since Petrobras intends to increasingly expand the exploration of the resource in the field.
Finally, after the completion of the production sharing contracts, the stakes of Petrobras, Shell, and TotalEnergies in Atapu will be reorganized to align the recoverable reserves that each company will be entitled to, ensuring fair production and acquisition for the three companies involved in the consortium. Petrobras and TotalEnergies are also in negotiation for another similar partnership, but the project is still in the early stages.
Seja o primeiro a reagir!