Petrobras Starts Selling Fields in Shallow Water in Ceara

Source: www.gulfoilandgas.com 6/19/2020, Location: South America

Petrobras started the opportunity to publicize the opportunity (teaser) related to the sale of its entire stake in the Tuna, Curima, Espada and Xareu fields, maritime production concessions in shallow waters located in the Mundaú sub-basin, in the state of Ceara.

Operating since the 1980s, the cluster, which comprises the four fields, is located at a distance of 30 km from the coast of Ceara, in water depths between 30 and 50 meters. Average production in 2019 was 4,200 bpd of oil and 76,900 m³ / d of gas, through nine fixed platforms. Petrobras is the operator in these fields, with a 100% stake.

This operation is in line with the strategy of optimizing the portfolio and improving the allocation of the company's capital, starting to increasingly concentrate its resources in deep and ultra-deep waters, where Petrobras has demonstrated great competitive differential over the years.

The teaser, which contains the main information about the opportunity, as well as the eligibility criteria for the selection of potential participants, is available on the Petrobras.

This disclosure is in accordance with Petrobras' divestment guidelines and with the provisions of the special procedure for assigning rights to explore, develop and produce oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355 / 2018.


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