This operation is in line with the strategy of portfolio optimization, reducing debt and improving the company's capital allocation
Petrobras headquarters in Rio de Janeiro. (Credit: Eric and Christian/Wikipedia.org)
Petrobras informs that it has started the stage of publicizing the opportunity ( teaser ), referring to the full sale of its stake (100%) in the Catuá Field, belonging to the BC-60 Exploratory Block, located in the Campos Basin, in the State of Espírito Santo.
This disclosure is in accordance with Petrobras’ internal rules and with the provisions of the special procedure for the assignment of exploration, development and production rights for oil, natural gas and other fluid hydrocarbons, provided for in Decree 9,355/2018.
This operation is in line with the strategy of portfolio optimization, reducing debt and improving the company’s capital allocation, increasingly concentrating its resources on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated great competitive advantage over the years.
About the Catuá Field
Concession Contract No. 48000.003560/97-49 refers to the exploratory concession of Block BC-60 acquired in Round Zero of the National Agency for Petroleum, Natural Gas and Biofuels (ANP). This Contract has Petrobras as the operator, with a 100% interest, and encompasses other fields in addition to the Catuá Field, which will not be part of the present process of assignment of rights.
Source: Company Press Release