Petrobras to launch offers for four deepwater Brazil blocks

May 24, 2018
Petrobras has started the opportunity disclosure stage concerning the sale of participating interests in four of its operated concessions in the deepwater Sergipe-Alagoas basin.

Offshore staff

RIO DE JANEIROPetrobras has started the opportunity disclosure stage concerning the sale of participating interests in four of its operated concessions in the deepwater Sergipe-Alagoas basin offshore Brazil.

These are:

BM-SEAL-4 Petrobras 75%, ONGC 25% (offered 35%)

BM-SEAL-4A Petrobras 100% (offered 50%)

BM-SEAL-10 Petrobras 100% (offered 30%)

BM-SEAL-11 Petrobras 60% IBV 40% (offered 20%)

To date there have been six discoveries of light oil and gas in these concessions: Barra, Farfan, Muriú, Moita Bonita, Poço Verde, and Cumbe.

Petrobras expects a declaration of commerciality to be issued in 2Q 2020.

05/24/2018