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Petrobras to sell interests in onshore concessions

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Petrobras to sell interests in onshore concessions

Brazil's Petróleo Brasileiro SA - Petrobras said June 3 that it plans to sell its interest in two sets of onshore concessions known as the Recôncavo and Rio Ventura clusters in Bahia.

The Recôncavo cluster comprises 14 onshore fields: Aratu, Cambacica, Candeias, Cexis, Dom João, Dom João Mar, Guanambi, Ilha de Bimbarra, Mapele, Massui, Pariri, São Domingos, Socorro and Socorro Extension. In 2018, the cluster produced an average of 2,800 barrels of oil and 588,000 cubic meters of gas per day.

The Rio Ventura cluster comprises eight onshore fields: Água Grande, Bonsucesso, Alto das Pedras Farm, Pedrinhas, Pojuca, Pojuca River, Tapiranga and Tapiranga Norte. In 2018, the cluster produced an average of about 1,500 bbl/d of oil and 43,000 cubic meters of gas per day.

The state-controlled integrated oil and gas company holds a 100% interest in all concessions except Cambacica, in which it owns 75%, and Guanambi, in which it holds 80%.