Petrobras declares granting rights to the Green Turtle field and module III in the Santos Basin

Petrobras announced yesterday, 27 August, the opening of the binding phase of the process of selling 50% of its rights and obligations of exploitation and production of the Green Turtle field and Module III, both located in the Santos basin. According to the company's sources, the sale of the Green Turtle field will not involve the transfer of the field operation.

In the next phase of the scheme, stakeholders will receive invitation letters with instructions for the asset sales process, including guidelines for the search for information and submission of binding proposals. Petrobras pointed out that disclosure is in line with the company's systematic disinvestment and aligned with the provisions of the special procedure for the assignment of rights of exploitation, development and production of petroleum, natural gas, provided for in Decree.

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