Petrobras starts binding phase of Ceará cluster sale, releases teaser of Bahia assets

Nov. 4, 2020
Petrobras has started the binding phase of its sale of its entire stake the Ceará cluster in the state of Ceará and started the process to sell its interests in the Bahia Terra cluster in different municipalities of the state of Bahia.

Petróleo Brasileiro SA (Petrobras) has started the binding phase of its sale of its entire stake the Ceará cluster in the state of Ceará and started the process to sell its interests in the Bahia Terra cluster in different municipalities of the state of Bahia.

The operator started the binding phase of its sale of its entire stake in shallow water fields Tuna, Curimã, Espada, and Xaréu (Ceará Cluster) in the state of Ceará (OGJ Online, June 19, 2020).

The Ceará Cluster has been in operation since the 80s, and comprises the fields of Tuna, Curimã, Espada and Xaréu, which lie 30 km from the coast of Ceará in water depth of 30-50 m. Average production in 2019 was 4,200 b/d of oil and 76,900 cu m/d of gas, through nine fixed platforms.

Petrobras is operator of the fields with 100% interest on the exploration and production rights of the concession contracts.

The company also entered the teaser stage to sell its total interests in a set of 28 onshore production field concessions, with integrated facilities, in the Recôncavo and Tucano basins, in different municipalities of the state of Bahia (the Bahia Terra cluster).

The Bahia Terra cluster has about 1,700 wells in operation, 19 collection stations, 12 collection points, 2 oil treatment stations, 6 collection and compressor stations, 4 water injection stations, 980 km of gas and oil pipelines, and administrative bases of Taquipe, Santiago, Buracica, Araçás, and Fazenda Balsamo.

There are also two oil storage and handling parks at the Bahia Terra cluster with all the infrastructure for receiving, storing, and draining oil for the Landulfo Alves Refinery (RLAM). In addition, the cluster includes the NGPU of Catu and 10 electrical substations.

Average production of the cluster from January to August was around 14,000 b/d of oil and 642,000 cu m/d of gas. Petrobras is operator of the fields with 100% interest.

The company noted that the concessions corresponding to the Miranga and/or Recôncavo clusters may be included in the sale process of the Bahia Terra cluster.