Por US$ 1,5 milhão, Petrobras vende campo terrestre de Rabo Branco, na Bacia de Sergipe-Alagoas

Petrobras Sells Rabo Branco Onshore Field in Sergipe-Alagoas Basin for $1.5 Million

Written by Roberta Souza

Published on 13/12/2020 at 19:29

Petrobras

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Petrobras Sold Its Stake in the Rabo Branco Field in the Sergipe–Alagoas Basin to Energizzi Energias do Brasil

Petrobras formalized the sale of its stake in the onshore oil field Rabo Branco, located in the Sergipe-Alagoas Basin, in the State of Sergipe. The sale price was US$ 1.5 million, which will be paid in full upon signing the contract. The Brazilian State company and the operator Petrom1 each own 50% of the Rabo Branco oil field.

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According to Petrobras, this operation aligns with the strategy of portfolio optimization and the improvement of the company’s capital allocation, which has increasingly focused resources on world-class assets in deep and ultra-deep waters.

For the deal to proceed, there are several conditions. One of them is that Petrobras’s current partner in Rabo Branco, Petrom, does not exercise its right of first refusal in the transaction. Another condition is the approval of the National Agency of Petroleum, Natural Gas, and Biofuels (ANP).

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Currently, Petrobras holds 50% of the field, with Petrom owning the remainder and also responsible for the operations.

The Rabo Branco field is part of the BT-SEAL-13 concession, located in the southern part of the Carmópolis field in the Sergipe-Alagoas Basin, State of Sergipe. The average production from January to October was 138 barrels per day.

“This operation aligns with the strategy of portfolio optimization and the improvement of the company’s capital allocation, increasingly concentrating its resources on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated a significant competitive advantage over the years,” the company stated.

Petrobras Sells Rabo Branco Onshore Field in Sergipe-Alagoas Basin for $1.5 Million

Petrobras Sold Its Stake in the Rabo Branco Field in the Sergipe–Alagoas Basin to Energizzi Energias do Brasil

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