Petrobras begins sale of onshore fields in AM

Petrobras disclosed the beginning of the binding phase of its participations, including runoff facilities, in the onshore fields of the Cupiúba and Carapanaúba, both located in the state of Amazonas. The company is operator of 100% of the shares in the areas.

In 2018 alone, the Cupiúba and Carapanaúba Polo produced on average about 81,000 barrels of oil and 82,000 m3/day of gas. The sale makes part of the state-owned company’s divestment plan and includes operating rights, development and production of oil, natural gas and other hydrocarbons fluids in the fields.

“Those eligible for this phase will receive an invitation letter with detailed instructions on the divestment process, including guidelines for due diligence and submission of proposals brokers,” Petrobras said in an official statement. Still in accordance with the the operation is aligned with “portfolio optimization and the improvement of allocation of the company’s capital, aiming at generating value for our shareholders.”