Middle East

Petrobras Completes Sale of Espirito Santo Assets

August 5, 2022

(Document photo: Petrobras)

Petrobras has completed the sale of its entire interest in the Peroa and Cangoa localities and the jointly named BM-ES-21 concession (Marombe Discovery Assessment Project) with the Peroa cluster in the Espirito Santo Basin to company 3R Petroleum Offshore. .

The transaction was valued at US$13.07 million for Petrobras, with additional contingent payments of up to US$42.5 million, subject to future Brent prices and asset development.

Petrobras holds a 100% interest in the shallow water fields of Peroa and Kangoa, which averaged approximately 572,000 cubic meters/day of unassociated gas from January to June 2022, and BM-ES- It held a 100% interest in 21 explorations. A block of deep water with Marombe’s discovery.

3R Petroleum Óleo e Gás, formerly known as OP Energia Ltda, is focused on redeveloping mature production areas.

Petrobras previously said the sale is in line with its strategy of optimizing its portfolio and improving the company’s capital allocation, as it increasingly focuses resources on world-class assets in deepwater and ultra-deepwater. rice field. Over the years. “

https://www.oedigital.com/news/498527-petrobras-completes-esp-rito-santo-asset-sale Petrobras Completes Sale of Espirito Santo Assets

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