Petrobras Seeks Binding Bids for Onshore Concessions
Brazil's Petrobras said on August 7 it had begun the binding phase of a tender for the sale of its entire interests in seven onshore oil and gas concessions in the Solimoes basin in the country's Amazonas state.
Those qualified to enter the stage will receive detail instructions on the divestment process, the company said in a statement.
The Araracanga, Arara Azul, Carapanauba, Cupiuba, Leste do Urucu, Rio Urucu and Sudoeste Urucu concessions span 350 km2 and flowed 103,000 barrels of oil equivalent/day of hydrocarbons in the first half of 2020. This comprised 13.8mn m3/d of gas, 16,200 b/d of oil and condensate and 1,110 metric tons/d of liquid petroleum gas.
Separately, Petrobras also said it had invited binding bids for the Tartaruga oilfield in the offshore Sergipe-Alagoas basin, which produced 610 b/d of light oil in January through June. It added it was mothballing the Merluza platform in the offshore Santos basin because of weak demand for gas.