Petrobras: Binding phase starts for for sale of 19,600 boed Garoupa Cluster

Brazilian oil firm Petrobras has said that the binding phase has started for the sale of 11 shallow water fields in the Campos Basin in what is known as Garoupa Cluster.

The Garoupa Cluster comprises the concessions of Anequim, Bagre, Cherne, Congro, Corvina, Malhado, Namorado, Parati, Garoupa, Garoupinha and Viola, located in shallow waters in the Campos Basin at about 80 km off the coast, with reservoir depth between 70 meters to 740 meters.

The cluster is currently producing from 42 wells via five fixed platforms (PGP‐1, PCH‐1, PCH‐2, PNA‐1, PNA‐2) and 1 SS (P‐09). Oil is exported through pipelines to Barra to Furado.

Petrobras owns 100% of these fields, with average production in the last 12 months of about 19,600 boe/day.

Petrobras said Wednesday the operation was in line with the company’s portfolio optimization and improvement of capital allocation.

“Qualified parties for this phase will receive a process letter with detailed instructions on the divestment process, including guidelines for due diligence and submission of binding proposals,” Petrobras said.

Offshore Energy Today Staff

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