Petróleo Brasileiro SA (Petrobras) has initiated a sale that includes full transfer of operations, all existing wells, and production facilities in Block BC-20, an exploration license 100 km off Brazil in the Campos basin which includes Papa-Terra field.
Current production is 17,300 boe/d from three producing wells and four injection wells through two platforms (one FPSO and one TLWP). Estimated volume of original oil-gas in place is 1.98 billion boe.
Papa Terra field was discovered in June 2003, with first oil in November 2013 (OGJ Online, Nov. 12, 2013).
Eligible bidders must have operator experience in exploration and/or production in shallow, deep or ultra deepwater fields and qualify as Operator “A” by the National Petroleum Agency (ANP). Prospective purchasers will be allowed to form a consortium, association, or jointly present an offer.
Contract on the concession, of which Petrobras is operator with 62.5%, expires in December 2032.
Eligible participants must formally notify Crédit Agricole Corporate and Investment Bank – Banco Crédit Agricole Brasil SA by Feb. 28.
