Polo Lagoa Parda is sold for US $9.3 million

Petrobras informed, in an official statement, that it closed an agreement to sell the totality of its holdings in the land fields of Polo Lagoa Parda, located in the state of Espírito Santo, for Imetame Energia Lagoa Parda Ltda, for US $9.3 million.

The Polo Lagoa Parda comprises three land concessions in Production: Lagoa Parda, Lagoa Parda Norte and Lagoa Piabanha. Petrobras is Operator with total participation in the three fields. Currently, the average production Of the region is approximately 300 barrels of oil per day (bpd) and 5500 m3/day gas.

According to the state, the amount to be paid will be divided into two installments: one of US $1,405,869.90 in the signing of the contract and another of US $7,966,596.10 at the closing of the transaction, without considering the adjustments.

"The transaction is aligned with the optimization of the portfolio and the Improvement of the company's capital allocation, aiming at generating value for the Our shareholders, "says excerpt from the note.


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