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Petrobras starts binding phase for sale of Tataruga offshore field stake

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Oilfield Technology,

Petrobras has announced the beginning of the binding phase for the the sale of its entire stake in the Tartaruga field, belonging to the SES-107D concession, located in shallow waters of the Sergipe-Alagoas Basin.

The Tartaruga field is located on the northern coast of the state of Sergipe, in the municipality of Pirambu, in shallow waters of the Sergipe-Alagoas Basin. The field wells were drilled directly (from onshore to offshore), from the base located in the onshore portion of the ring-fence.

The field's average production from January to June 2020 was approximately 609.76 bpd of light oil (37º API).

Petrobras holds a 25% stake in the field and Maha Energy Brasil Ltda is the operator, with a 75% stake.

The company has also said it is mothballing the Merluza platform (PMLZ-1), located in shallow waters in the Santos Basin. The platform’s production had already been interrupted since March 2020, with the abrupt drop of demand for natural gas, and the deactivation will allow the reduction of operating expenses and the transfer of professionals to other Petrobras units.

The deactivation will not impact the divestment process of the Merluza Cluster and the supply of natural gas to the Santos' coastal area market.

The Merluza Cluster is composed of the Merluza and Lagosta concessions, in which Petrobras holds an interest of 100%. With the beginning of operations in 1993, its average production totalled 3600 boe/d of natural gas and condensate in 2019.

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