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Petrobras Releases Teaser of E&P Assets in Sergipe

Source: 10/23/2020, Location: South America

Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of a set of eleven onshore production field concessions, with integrated facilities, located in the Sergipe-Alagoas Basin, in different cities in the state of Sergipe, jointly called the Carmópolis Cluster.

This disclosure is in accordance with Petrobras' internal rules and with the provisions of the special procedure for assignment of rights to exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9,355/2018.

This transaction is aligned with the strategy of portfolio optimization and the improvement of the company's capital allocation, concentrating increasingly its resources on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated great competitive edge over the years.

About Carmópolis Cluster
The Carmópolis Cluster comprises 11 onshore production concessions, located in different cities in the state of Sergipe and includes access to processing, logistics, storage, transportation and outflow infrastructure for oil and natural gas.

It has almost 3,000 wells in operation, 17 oil treatment stations, a gas station in Carmópolis, approximately 350 km of gas and oil pipelines and the administrative bases of Carmópolis, Siririzinho and Riachuelo.

The Atalaia Cluster, which contains the Aracaju Waterway Terminal (Tecarmo), a NGPU and an oil processing station; Bonsucesso-Atalaia Oil Pipeline with 48.6 Km, which transports the oil production from the concessions to Tecarmo; and all the production facilities contained in the ring fence of the 11 concessions, in addition to the ownership of some land are also part of the Carmópolis Cluster.

The average production of the Cluster from January to September 2020 was around 10,000 barrels of oil per day and 73,000 m3/day of gas. Petrobras is the operator in these fields, with 100% stake.

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