Petrobras starts sale process for two Santos basin fields

Petrobras has started the binding phase for the sale of its 100% stakes in the producing Uruguá and Tambaú fields in the BS-500 concession offshore Brazil.
Oct. 28, 2021
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(Courtesy MODEC)
The FPSO Cidade de Santos MV20 is deployed in the Uruguá field and gathers production from the Tambaú field.
The FPSO Cidade de Santos MV20 is deployed in the Uruguá field and gathers production from the Tambaú field.

Offshore staff

RIO DE JANEIRO – Petrobras has started the binding phase for the sale of its 100% stakes in the producing Uruguá and Tambaú fields in the BS-500 concession in the Santos basin offshore Brazil.

Qualified bidders will receive a letter with instructions on the divestment process, including guidelines for due diligence and the submission of binding proposals.  

Petrobras acquired BS-500 through the ANP’s Zero Licensing Round. They are in the northern part of the Santos basin,140-160 km (87-99.4 mi) from the coast of Rio de Janeiro State, in water depths ranging from 1,000-1,500 m (3,281-4,921 ft).

Combined production in 2020, through an FPSO Cidade de Santos MV20, was around 5,000 b/d of oil and 918,000 cu m/d of gas.

10/28/2021

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