The transaction is aligned with the company's portfolio optimisation and capital allocation improvement strategy
Petrobras divests seven onshore fields. (Credit: Gerd Altmann from Pixabay)
Petrobras, following up on the release dated08/09/2019, reports that it has completed today the sale of its entire interest in seven onshore production fields, located in the Potiguar Basin, in the state of Rio Grande do Norte, to SPE 3R Petroleum S.A., a wholly owned subsidiary of 3R Petroleum e Participações S.A.
After fulfilling all of the previous conditions, the transaction was concluded with the payment of R$ 676.8million to Petrobras, already with the adjustments provided for in the contract.
This transaction is aligned with the company’s portfolio optimization and capital allocation improvement strategy, focusing its resources increasingly on deep and ultra-deep waters, where Petrobras has shown great competitive differential over the years.
About the fieldsMacau Clusterencompasses the fields of Aratum, Macau, Serra, Salina Cristal, Lagoa Aroeira, Porto Carão and Sanhaçu. Petrobras held100% interest in all concessions, exceptSanhaçu concession, in which it was the operator with 50% stake, while the remaining 50% are fromPetrogalBrasil S.A..
The current total production of oil and gas from these fields is about 5,000 barrels of oil equivalent per day
Source: Company Press Release