Petróleo Brasileiro (Petrobras) is offering nine shallow water fields located in the states of Ceará and Sergipe, in a competitive process.
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Image from Petrobras. |
The Brazilian giant said it has started the process of transfer of rights of oil and natural gas exploration, development and production in shallow water fields, which had an average production of 13,000 boe/d in 2015, representing 0.5% of the company’s total production.
The fields were grouped into production complexes, with integrated installations, in order to provide the new concessionaires with full operating conditions.
The fields in Ceará include Curimã, Espada, Atum, and Xaréu. In Sergipe, the fields are Caioba, Camorim, Dourado, Guaricema, and Tatuí.
The process will be conducted in a competitive manner and Petrobras will assess the terms and conditions of the received proposals.
The sale of these assets is part of Petrobras’ divestment strategy, whose goals and objectives are defined in the 2015-19 business and management plan.
In line with market practices, estimates of the amounts involved are considered to constitute strategic information and will therefore not be disclosed before the sale transaction is concluded, Petrobras said.
Earlier today, a Douglas-Westwood analyst said that Petrobras is struggling to repay US$130 billion worth of debt – nearly $24 billion will mature by 2017. Efforts to sell non-core assets (pipelines, power plants, bonds etc.) have been slow going and any attempt to divest upstream operations impeded by red tape.
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