File Photo: Petrobras
Brazilian oil firm Petrobras has determined to not promote its deepwater property in the Sergipe-Alagoas Basin offshore Brazil, initially put up on the market in 2018.
The firm stated Saturday it had decided to conclude the aggressive course of, which was in the binding part, for the partial sale of 4 concessions situated in deep waters in the Sergipe-Alagoas Basin (BM- SEAL-4, 4-A, 10 and 11), with out transferring the operation.
Currently, the concessions are represented by the Agulhinha, Budião, Budião Noroeste, Budião Sudeste, Cavala, and Palombeta fields.
“Petrobras constantly evaluates its portfolio and, considering the alignment of the concessions to the company’s strategy and the improvement of Petrobras’ economic-financial indicators, the concessions were kept fully in the portfolio, marking the beginning of the development of a new frontier in deep waters in the Sergipe-Alagoas Basin,” Petrobras stated.
“Petrobras reinforces its commitment to the broad transparency of its divestment projects and portfolio management and affirms its focus on deepwater and ultra-deepwater assets, where it has shown a great competitive differential over the years, with high productivity and lower greenhouse gas emissions,” the corporate added.
Elsewhere in the Sergipe-Alagoas basin, Petrobras final week began the binding part for the sale of its stake in the Tartaruga discipline, situated in the Basin’s shallow waters. Read extra right here.
Petrobras Cancels Sale of Deepwater Assets in & More Latest News Update
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