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Petrobras concludes the sale of onshore fields in Bahia


Petrobras informed that it completed the sale of 100% of its interests in four onshore fields, located in the Tucano Basin, in the interior of the state of Bahia, to Eagle Exploração de Óleo e Gás Ltda (Eagle).

After all the precedent conditions were met, the transaction was concluded with the payment of US $ 2.571 million to Petrobras, with the adjustments provided for in the contract. The amount received at closing adds up to the amount of US $ 602 thousand paid to Petrobras at the signing of the sale contract, totaling US $ 3.173 million.

This disclosure is in accordance with the internal rules of Petrobras and with the provisions of the special procedure for the assignment of rights to explore, develop and produce oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355 / 2018.

This operation is in line with the portfolio optimization strategy and the improvement of the company’s capital allocation, starting to increasingly focus its resources on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated a great competitive advantage over the years.

About the fields

The onshore fields called Conceição, Quererá, Fazenda Matinha and Fazenda Santa Rosa are located about 110 km from the city of Salvador. The average production of these fields from January to October 2020 was approximately 24.30 thousand m3 / day of natural gas (153 boe / day), with no oil production. Upon completion of the sale, Eagle will hold 100% interest in these concessions.

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