Petrobras begins sale of papa-terra field

Last Monday (3), Petrobras started disclosure of the process for the sale of all its participation in the field of Popeland, located in deep water in the Campos Basin. The state is operator of the field with 62.5% participation.

In addition, The American Chevron, partner of Petrobras in the 37.5%, announced that it will also sell its minority share in the field. “This initiative supports the company’s ongoing efforts to manage its portfolio global,” the company said.

According to petrobras’ note, the Papa-Terra field is part of the bc-20 concession and is located in a 1,200-metre water slide. He’s in operation since 2013, with average oil and gas production in 2019 of 17,300 barrels of oil equivalent/day (boe/day), across two platforms, the P-61 and the P-63.


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