Ouro Preto files best bid for Petrobras’ Campos Basin fields

Brazilian oil giant Petrobras has confirmed that Ouro Preto Óleo e Gás company was the best bidder in its tender to buy Petrobras’ Enchova and Pampo fields in the Campos basin.

To remind, the binding phase for the assignment of all of Petrobras’ exploration, development and production rights in Enchova and Pampo Clusters, located in  Rio de Janeiro state began late in February 2018.

Responding to media reports that Ouro Preto Óleo e Gás has won the bidding race, Petrobras has issued a statement confirming the reports.

However, Brazilian oil giant stressed the fields have yet to be sold, as Ouro Preto Óleo e Gás has now been invited to participate in the negotiation of contracts, although no agreement of exclusivity has been signed.

“Petrobras reports that the company Ouro Preto Óleo e Gás submitted the best proposal in the binding phase of the disinvestment process, and therefore was invited to participate in the negotiation of contracts, although no agreement of exclusivity has been signed,” the Brazilian oil giant said.

Petrobras added: “It should be noted that…the start of negotiations with the first-placed entity is a defined step in divestment projects, as is the possibility of successive negotiations with the remaining tenderers, in compliance with their classification order, in addition to any new rounds of binding proposals, if applicable.”

Enchova & Pampo clusters 

The Enchova package is located in shallow water at a distance of about 90 km from the coast with reservoir depth between c.1,800 to 2,600m.

The Enchova cluster contains Bicudo, Bonito, Enchova, Enchova Oeste, Marimbá and Piraúna concessions and Pampo Cluster includes Badejo, Linguado, Pampo and Trilha concessions.

Enchova is currently producing from 32 wells with five platforms, one fixed and four floating. Oil and gas are exported through pipelines to Cabiúnas, the gas processing plant, located onshore.

The Pampo package is located in shallow water at a distance of about 80 km from the coast with reservoir depth between c.950 to 2,950m.

This package of assets is currently producing from 27 wells with two platforms, one fixed and one floating.

Oil and gas are transported through pipelines to platform PCE-1 in the Enchova field, and subsequently to the Cabiúnas gas processing plant located onshore

Both Enchova and Pampo licenses expire in 2025 with the potential to extend.

Offshore Energy Today Staff

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