Petrobras Sells Oil Fields in Espírito Santo

Written by Renato Oliveira

Published on 06/07/2019 at 01:00

Updated on 05/07/2019 at 20:07

Peroá e Cangá

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Peroá and Cangoá Fields Are the Latest Targets of Petrobras’ Divestment Plan, Which Will Also Sell Its Stake in the New Malombe Discovery.

Petrobras published, yesterday, Friday (07/05), the details of the sale of 100% of the Peroá and Cangoá fields and its 88.9% stake in the new Malombe field (BM-ES-21), in the Espírito Santo basin.
Not only will the fields be sold by Petrobras, but the production and flow facilities and the land pipeline that connects the PPER-1 platform to the Cacimbas gas treatment unit (UTGC) are also being offered.

Currently, the Peroá and Cangoá fields, in shallow waters of Espírito Santo, produce approximately 900 thousand m³/day of non-associated gas, but the system has the capacity to produce 8 million m³/day.

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Divestment

In a statement, Petrobras declared that “this operation is aligned with portfolio optimization and improved capital allocation of the company, aiming to generate value for our shareholders.”

The offshore Cangoá field was the first in the Capixaba Sea with commercial reserves and was discovered in 1988. The Peroá field was discovered in 1997 and was considered of great importance for having the largest natural gas reserve in the State.

Also see! The approval, yesterday (07/04), by ANP, of the inclusion of a new well in the Discovery Evaluation Plan (PAD) for Moita Bonita and the change of the deadline to December 1st this year, confirms the state-owned company’s intention to expedite production in the Sergipe basin after Petrobras recently announced its largest gas discovery since the rich pre-salt reserves were announced in 2006.

Petrobras Sells Oil Fields in Espírito Santo

Peroá and Cangoá Fields Are the Latest Targets of Petrobras’ Divestment Plan, Which Will Also Sell Its Stake in the New Malombe Discovery.

Divestment

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Petrobras Sells Oil Fields in Espírito Santo

Peroá and Cangoá Fields Are the Latest Targets of Petrobras’ Divestment Plan, Which Will Also Sell Its Stake in the New Malombe Discovery.

Divestment

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