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Petrobras starts selling 11 production fields in the shallow waters of the Campos Basin

Written by Paulo Nogueira
Published 03/09/2019 às 01:00
Updated 02/09/2019 às 21:18

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Petrobras Basin of Campos
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Petrobras holds a 100% stake in these fields, whose average production over the last 12 months was around 19,6 boe/day.

Continuing the statement made in August this year, Petrobras began yesterday, September 02, the binding phase for the sale of all of its stakes in 11 production fields in shallow waters of the Campos Basin, called Polo Garoupa. New signs of oil in Sergipe were announced by the state-owned company.

The state-owned company informs that those qualified for this phase will receive an invitation letter with detailed instructions on the divestment process, including guidelines for carrying out due diligence and for sending binding proposals.

FASHION – FREE MARKET

FASHION – FREE MARKET

“The present disclosure to the market is in line with the Petrobras Divestment System and in line 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. In this particular project, as provided by the system, there will be no non-binding phase”. informed Petrobras

"This operation is in line with the optimization of the portfolio and the improvement of the company's capital allocation, aimed at generating value for our shareholders", said the oil company, which has been selling assets considered non-essential.

About Polo Garoupa

The Garoupa Hub encompasses the concessions of Anequim, Bagre, Grouper, Congro, Corvina, Malhado, Namorado, Parati, Garoupa, Garoupinha and Viola, located in shallow waters in the Campos Basin, at a distance of about 80km from the coast, with depth of the reservoir between 70m and 740m.

Petrobras holds a 100% stake in these fields, whose average production over the last 12 months was around 19,6 boe/day.

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Paulo Nogueira

With a technical background, I worked in the offshore oil and gas market for a few years. Today, my team and I are dedicated to bringing information from the Brazilian energy sector and the world, always with credible and up-to-date sources.

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