RIO DE JANEIRO – Petrobras has initiated the opportunity disclosure stage for the sale of its 25% stake in the shallow-water Tartaruga field in the Sergipe-Alagoas basin, offshore Brazil.
The planned sale is in line with the company’s portfolio optimization strategy and its focus on hydrocarbons in deep and ultra-deepwaters.
The Tartaruga field, in the SES-107D concession area, is on the northern coast of the state of Sergipe, in the municipality. All the wells have been drilled directly from shore to offshore.
Between January and May 2020, production averaged 580 b/d of light (37° API) oil.
Maha Energy Brasil is the operator, with a 75% stake.