Petronas Acquires Half of Tartaruga Verde Field

Written by Renato Oliveira

Published on 29/04/2019 at 15:32

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Malaysian Oil Company Signs Agreement with Petrobras to Acquire 50% of Tartaruga Verde Field, Offshore, Strengthening the Company’s Operations in South America.

Petronas, the national oil company of Malaysia, announced the acquisition of a 50% stake in the Tartaruga Verde field, located in the southern portion of the Campos Basin, approximately 125 km off the coast of Macaé.
The deal was made with Petrobras, from whom the Malaysian oil company’s subsidiary in Brazil also negotiated the facilities of module III of the Espadarte field.

The transaction still needs to be approved by CADE (Administrative Council for Economic Defense) and ANP (National Agency of Petroleum, Natural Gas and Biofuels), according to a statement from Petrobras.

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The Tartaruga Verde Field

The production of the Tartaruga Verde field, in the deep waters of the Campos Basin, started on 06/22/2018, through the FPSO Cidade de Campos dos Goytacazes, chartered by Modec.
The FPSO is located about 127 km off the coast of the State of Rio de Janeiro, at a water depth of 765 meters, with the capacity to process up to 150,000 barrels of oil and 3.5 million cubic meters of gas daily, and to compress 5 million cubic meters of gas.

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Petronas Acquires Half of Tartaruga Verde Field

Malaysian Oil Company Signs Agreement with Petrobras to Acquire 50% of Tartaruga Verde Field, Offshore, Strengthening the Company’s Operations in South America.

The Tartaruga Verde Field

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Petronas Acquires Half of Tartaruga Verde Field

Malaysian Oil Company Signs Agreement with Petrobras to Acquire 50% of Tartaruga Verde Field, Offshore, Strengthening the Company’s Operations in South America.

The Tartaruga Verde Field

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