Petrobras Starts Process to Sell Onshore Fields in the State of Amazonas

Source: 6/26/2020, Location: South America

The entry of new players in the oil and gas sector was the sale in 2019 of the Azulao field, in the Amazonas Basin, which has resulted in investments to make gas production and energy generation viable with the consequent heating of the local economy.

While Petrobras will concentrate investments in assets that generate more return and in which the company has demonstrated a great competitive differential over the years, such as the pre-salt fields, and in particular the Buzios field, whose surplus of the transfer of rights was acquired in consortium by Petrobras in 2019, new players can invest in other areas, providing greater dynamism to the oil and gas sector. The state of Amazonas already has a diversified sector with different actors besides Petrobras acting in the generation of energy.

It is important to clarify that the process of divesting the fields does not provide for layoffs for Petrobras employees. All will be relocated to other organizational units of the company. The transfers will take into account the best match between the employee profiles and the activities and processes in the available staff. In case of interest, another option is to adhere to the specific Voluntary Termination Plan (PDV), as provided for in the personnel plan for portfolio management.

Polo Urucu

The Urucu Complex comprises seven production concessions (Araracanga, Arara Azul, Carapanaúba, Cupiúba, Leste do Urucu, Rio Urucu, Sudoeste Urucu), all located in the state of Amazonas, in the municipalities of Tefe and Coari, occupying an area of ??approximately 350 km².

In the first quarter of 2020, the pole's average production was 106,353 boed, of which 16,525 bpd of oil and condensate, 14,281 Mm³ / d of gas and 1,150 tons of LPG per day.

In addition to the concessions and their production facilities, the facility includes processing facilities for oil and natural gas production, as well as logistical facilities to support production.

Companies interested in the asset must comply with the requirements for an operator in a remote area, as required by the ANP, in addition to all required operating licenses and environmental conditions.

The process of transferring operations to the new concessionaire also includes measures to ensure that there is no discontinuity in the supply of natural gas, oil and LPG, with the guarantee of operational continuity and maintenance of the asset.

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