Petrobras vende 34 campos de petróleo no Rio Grande do Norte para PetroRecôncavo por US$ 266 milhões

Petrobras Sells 34 Oil Fields in Rio Grande do Norte to PetroRecôncavo for $266 Million

Written by Paulo Nogueira

Published on 10/12/2019 at 07:30

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The 34 Petrobras Oil Fields Sold to PetroRecôncavo Are Located on Land in the Potiguar Basin in the State of Rio Grande do Norte

Petrobras announced on this Monday, December 9, the sale of 34 onshore oil fields in the Potiguar Basin, in Rio Grande do Norte, to the subsidiary of Petrorecôncavo S.A. Take the opportunity and apply for job openings to serve the Brazilian oil company in RN.

The company informed in a statement that the operation was completed with the payment of US$ 266 million to Petrobras, after all the precedent conditions and adjustments provided for in the contract were fulfilled.

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About the RN Oil Fields

The 34 fields in the Riacho Forquilha Polo are located on land in the Potiguar Basin in the state of Rio Grande do Norte and produced an average of 5,800 barrels of oil equivalent per day (boe) in 2019.

All concessions are 100% Petrobras, except for the Cardeal and Colibri fields where Petrobras holds a 50% stake, with Partex Brasil Ltda. as the operator with a 50% stake, and the Sabiá da Mata and Sabiá Bico-de-Osso fields where Petrobras has a 70% stake, with Sonangol Hidrocarbonetos Internacional do Brasil Ltda. as the operator with a 30% stake.

Marcelo Magalhães, CEO of Petrorecôncavo, defined the acquisition as a milestone for the sector: “For Petrorecôncavo, the acquisition of the Riacho da Forquilha Polo is a historic moment (…) We are confident that it will be a success and will pave the way for other operators to come so we can resume investments in northeastern Brazil. It is good for Petrobras, good for the buyer, and good for Brazil,” he emphasized.

The extension of contracts and development plans need to be approved by the National Agency of Petroleum (ANP), which has already given the green light for the transfer of operations. Once the transfer of assets is completed, PetroRecôncavo will become the largest independent oil producer in the country with the deal.

Petrobras Sells 34 Oil Fields in Rio Grande do Norte to PetroRecôncavo for $266 Million

The 34 Petrobras Oil Fields Sold to PetroRecôncavo Are Located on Land in the Potiguar Basin in the State of Rio Grande do Norte

About the RN Oil Fields

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Petrobras Sells 34 Oil Fields in Rio Grande do Norte to PetroRecôncavo for $266 Million

The 34 Petrobras Oil Fields Sold to PetroRecôncavo Are Located on Land in the Potiguar Basin in the State of Rio Grande do Norte

About the RN Oil Fields

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Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

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