Petrobras to launch offers for four deepwater Brazil blocks

Offshore staff

RIO DE JANEIRO – 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 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