Petrobras Releases E&P Teaser in Campos Basin

Source: www.gulfoilandgas.com 10/22/2021, Location: South America

Petrobras informs that it has started the stage of publicizing the opportunity ( teaser ), referring to the full sale of its stake (100%) in the Catua Field, belonging to the BC-60 Exploratory Block, located in the Campos Basin, in the State of Espirito Santo.

The teaser , which contains the main information about the opportunity, as well as the eligibility criteria for the selection of potential participants, is available on Petrobras' Investor Relations website: https://investidorpetrobras.com.br/pt/resultados- e-newsletters/teasers .

The main subsequent stages of the project will be informed in due course to the market.

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

This operation is in line with the strategy of portfolio optimization, reducing debt and improving the company's capital allocation, increasingly concentrating its resources on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated great competitive advantage over the years.

About the Catua Field

Concession Contract No. 48000.003560/97-49 refers to the exploratory concession for Block BC-60 acquired in Round Zero of the National Agency for Petroleum, Natural Gas and Biofuels (ANP). This Contract has Petrobras as the operator, with a 100% interest, and encompasses other fields in addition to the Catuá Field, which will not be part of the present process of assignment of rights.

The concession area is located in territorial waters of the State of Espírito Santo, about 128 km off the coast, in water depths that vary between 1,700 and 1,950m.

There are 4 wells drilled in the Field where light oils were found in carbonate reservoirs.


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