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Petrobras started exploring the Tartaruga field, in the Campos Basin, in 2004, under a concession, and two deposits were discovered.
Petrobras will pay R$ 210 million to the Union by the end of November for the agreement regarding its participation in the production of the Tartaruga oil field, in the Campos basin, as a result of a financial conciliation celebrated this Monday between PPSA (Pre- sal Petróleo), representing the Union, and the state-owned company. Focusing on the pre-salt layer, Petrobras accelerates decommissioning in the Campos Basin.
In a note to Pré-Sal Petróleo (PPSA), reported that with this payment, the resources received by the Union related to financial reconciliations in the pre-salt layer rose to R$ 1,16 billion.
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In December of last year, an agreement with the consortium led by Petrobras in Campo de Sapinhoá, in the Santos basin, resulted in R$ 847 million for the Union and in April of this year there was another agreement with the same consortium in the amount of R$ $108 million.
The Tartaruga field is located 127 kilometers off the coast of the State of Rio de Janeiro, between the Tartaruga Verde and Tartaruga Verde Sudoeste fields.
Petrobras began exploration in the area in 2004, under a concession, and two deposits were discovered, one of which extended to the southwest to an area not contracted, still owned by the Union.
A unitization agreement was then necessary, followed by an agreement for the Union to receive a portion of the area's production.
In the Tartaruga deposit, a 17,85% share was agreed for the Union and a reckoning was carried out considering the revenues since the beginning of exploration, resulting in a credit balance of R$ 202 million, which was adjusted by the IGPM (General Index of Market Prices) to R$ 210 million, which will be deposited in the National Treasury.
When an oil field goes beyond the concession area, the oil company needs to sign a production individualization agreement in which the Union is entitled to a portion of the production and an equivalent responsibility for the expenses.
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