Petrobras, following the press release published on 12/20/2021 and 12/30/2021, informs that it has concluded the sale to the company Ubuntu Engenharia e Serviços Ltda (Ubuntu) of its total stake in the blocks PAR-T- 198 and PAR-T-218, located in the Paraná basin.
After fulfillment of all conditions precedent and approval by the National Agency for Petroleum, Natural Gas and Biofuels (ANP), the transaction was concluded with the payment of US$6,300 to Petrobras. The amount received at closing is added to the amount of USD 56,700 paid to Petrobras upon signing the sales contracts, for a total amount of USD 63,000. This disclosure is in accordance with the internal rules of Petrobras and the provisions of the special procedure for the transfer of the rights of exploration, development and production of petroleum, natural gas and other fluid hydrocarbons, provided for by Decree No. 9 355/2018.
This transaction is part of the company’s portfolio management and capital allocation improvement strategy, aimed at maximizing value and better return for the company. Petrobras is increasingly focusing its resources on deep and ultra-deepwater assets, where it has shown a great competitive advantage over the years, producing higher quality oil and with lower greenhouse gas emissions.
Blocks PAR-T-198 and PAR-T-218 in the Paraná Basin, located in the far west of the state of São Paulo, were acquired during the 12th ANP tender in 2013 and are currently in their 1st exploratory period and with a minimum exploratory. The program commitments (MEP) are already fully respected. Petrobras held a 100% interest in both blocks. Ubuntu is a limited liability company, domiciled in Brazil, engaged in the exploration, production and extraction of oil and natural gas. Currently, Ubuntu operates the Urutau, Cardeal and Colibri fields, located in Rio Grande do Norte; the Rio Mariricu field, in Espírito Santo; and the Dó-Re-Mi field in Sergipe
Read the latest issue of Oilfield Technology in its entirety for free: Spring 2022
The first 2022 issue of Oilfield Technology begins with an analysis by Wood Mackenzie of the disconnect between soaring oil prices and growth in U.S. oil production and investment. The rest of the issue is devoted to features covering sand removal technology, soluble frac plug technology, digitalization of offshore operations, annular intervention, oilfield chemicals, subsea compression systems and smart instrument measurement.
Exclusive contributions come from TETRA Technologies, NOV, Archer, Expro, Locus Bio-Energy Solutions, AES Drilling Fluids, MAN Energy Solutions and Winters Instruments.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/25042022/petrobras-concludes-the-sale-of-ep-assets-in-the-paran-basin/