Petrobras Gas Fields, Exploration Bloc Up for Sale

Friday, July 5, 2019

Brazilian state-run oil firm Petroleo Brasileiro SA has put its Peroa and Cangoa shallow-water natural gas fields and a deepwater exploration concession known as Malombe in the state of Espirito Santo up for sale, the company said.

In a securities filing, Petrobras, as the company is known, said it was beginning the teaser phase of the sale process, in which it publicly releases basic information about the assets. Peroa and Cangoa produce about 900,000 cubic meters of gas per day and Malombe is expected to be declared commercially viable in the second half of 2019, the company said.


(Reporting by Gram Slattery; Editing by Christian Plumb)

Categories: Energy Deepwater South America Natural Gas

Related Stories

Dolphin Drilling’s Blackford Dolphin Secures More Work for Oil India

UTM Offshore Secures Gas Supply for $3B FLNG Project

DOF Group Wins Contract Award in APAC Region

Current News

ECIT Global Launches New Suite of Safety Courses

From Fixtures to Values: Where the Jackup Recovery Is Already Being Priced

Hill v. Jackson Offshore and the Delegation Clause

NextFloat Floating Wind Pilot Clears Key Spanish Regulatory Hurdle

Subscribe for OE Digital E‑News