Petrobras Resumes Activities in Hibernating Onshore Fields in Six States

Petrobras Reconsiders Decision and Resumes Activities in Hibernated Oil Fields in Sergipe, Bahia, Rio Grande do Norte, Alagoas, Ceará, and Northern Espírito Santo

On Tuesday, May 19, Petrobras management announced that it has reviewed its decision to halt the company’s oil and gas exploration activities in Sergipe, Bahia, Rio Grande do Norte, Alagoas, Ceará, and Northern Espírito Santo during the COVID-19 pandemic. Petrobras Reaches 1 Billion Barrels of Oil at Parque das Baleias, in the Campos Basin

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According to the statement sent to the union of the category in the state (Sindipetro-BA), Petrobras will only reevaluate the hibernation of onshore fields in the Northeast in 2021.

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However, Petrobras stated that it will not reverse the hibernations that have already been implemented, all in shallow water offshore platforms.

The news has not been published externally, only internally for managers who became aware of the state-owned company’s decision yesterday (20) and informed Sindipetro Bahia.

Sindipetro-BA considered that, in addition to mass unemployment, Petrobras’s action could harm the finances of municipalities and the state, with significant losses in tax revenue such as ICMS, Royalties, and ISS, since exploration activity drives a whole chain of service provision. With this news, the municipalities of Candeias, Catu, Alagoinhas, Cardeal da Silva, Pojuca, São Sebastião do Passé, Mata de São João, Araçás, Cardeal da Silva, and Esplanada are directly benefited.

Petrobras is also analyzing the possibility of suspending the decision that also affected outsourced drilling activities, which are experiencing immediate layoffs.

According to federal deputy Joseildo Ramos (PT), responsible for the action pending in the Federal Court requesting to overturn Petrobras’s decision and the layoffs of workers: “Petrobras made a correct decision. It would be absolutely cruel and unnecessary for a company of Petrobras’s importance to contribute to worsening the crisis we are experiencing.”

On average, four thousand jobs are at risk in Bahia. According to Joseildo, there is no plausible justification for the closure of the fields, since oil exploration is profitable and Bahia accounts for 2 billion reais in the company’s revenue.