Carmo Energy to acquire Sergipe oil and gas assets from Petrobras

Dec. 27, 2021
Carmo Energy SA has agreed to acquire stakes in the Carmópolis cluster in Sergipe, onshore Brazil, from Petróleo Brasileiro SA (Petrobras) for $1.1 billion.

Carmo Energy SA has agreed to acquire stakes in the Carmópolis cluster in Sergipe, onshore Brazil, from Petróleo Brasileiro SA (Petrobras)for $1.1 billion  (OGJ Online, Feb. 19, 2021).

The Atalaia cluster, which contains the Aracaju Waterway Terminal (Tecarmo), a NGPU and an oil processing station; the 48.6-km Bonsucesso-Atalaia oil pipeline, which transports oil production from the concessions to Tecarmo; and all production facilities contained in the ring fence of the 11 concessions, in addition to the ownership of some land, are also part of the Carmópolis cluster.

Average production of the Carmópolis Cluster from January to November 2021 was 7,600 b/d of oil and 43,000 cu m/d of gas.

Petrobras is operator of the fields with 100% interest.