Petrobras sheds another onshore field cluster
Brazil's state-owned Petrobras announced on December 23 it had sold its interest in the onshore Carmopolis area to Carmo Energy for $1.1bn.
Petrobas will be paid $275mn up front for the assets, followed by a further $550mn when the deal is closed, it said. Another $275mn will come one year after closure. The transaction will need regulatory approval, the company said.
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The Carmopolis area comprises 11 production concessions in the Brazilian state of Sergipe, with access to oil and gas processing, storage and transportation infrastructure. The cluster flowed 7,600 barrels/day of oil and 43,000 m3/d of gas in November. Petrobras is the 100% owner.
Petrobras is on an extensive divestment programme, aimed at reducing its debt and raising capital for investment in core deep-water projects.