Petrobras’ Espírito Santo E&P Assets Teaser

(Petrobras, 21.Aug.2020) — Petrobras started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in a set of five onshore field concessions, with integrated facilities, jointly called the North Capixaba Cluster, located in the state of Espírito Santo.

The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available on the Petrobras website: https://www.investidorpetrobras.com.br/en/results-and-notices/teasers. 

The main subsequent stages of the project will be reported to the market in due course. 

This disclosure is in accordance with Petrobras’ internal rules and with the provisions of the special procedure for assignment of rights to exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9,355/2018.

This transaction is in line with the portfolio optimization strategy and the improvement of the company’s capital allocation, increasingly concentrating its resources in deep and ultra-deep waters, where Petrobras has demonstrated great competitive edge over the years.

About North Capixaba Cluster

The Cluster, which includes the fields of Cancã, Cancã Leste, Fazenda Alegre, Fazenda São Rafael and Fazenda Santa Luzia, is located in the cities of Linhares, Jaguaré and São Mateus, in the state of Espírito Santo. It has 269 wells in operation, three oil treatment stations, four satellite stations in Campo de Fazenda Alegre and 73.81 km of gas and oil pipelines.

The North Capixaba Terminal and all the production facilities contained in the ring fence of the five concessions are also part of the Cluster, besides the ownership of some lands. In the first half of 2020, the average production was 7,000 barrels of oil per day and 66,000 m3/day of gas.

Petrobras holds 100% stake and operates these fields. 

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