Petrobras agrees to sell shallow water fields in Potiguar Basin

Published by Nicholas Woodroof, Editor
Oilfield Technology, Friday, 10 July 2020 15:30

Petrobras has signed with OP Pescada Óleo e Gás Ltda., a wholly-owned subsidiary of Ouro Preto Óleo e Gás S.A., an agreement for the sale of its entire stake in the Pescada, Arabaiana, and Dentão fields located in the shallow waters of the Potiguar Basin (Pescada Cluster), in the state of Rio Grande do Norte.

The sale value is US$1.5 million, to be paid in two installments: (a) US$300 000 at signing of the transaction; and (b) US$1.2 million at closing of the transaction, without considering the adjustments due.

Petrobras is the operator of the three fields with 65% interest and OP Pescada Óleo e Gás Ltda. holds the remaining 35% in consortium. The average production of the Pescada Cluster from January to June 2020 was approximately 260 bpd and 190 000 m³/d of gas.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/10072020/petrobras-agrees-to-sell-shallow-water-fields-in-potiguar-basin/

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