Seacrest Petróleo SPE Norte Capixaba Ltda., a wholly owned subsidiary of Seacrest Exploração e Produção de Petróleo Ltda. has purchased total interest in the onshore Norte Capixaba cluster from Petróleo Brasileiro SA (Petrobras).
The cluster, which includes Cancã, Cancã Leste, Fazenda Alegre, Fazenda São Rafael, and Fazenda Santa Luzia fields, lies in the cities of Linhares, Jaguaré, and São Mateus in Espírito Santo, Brazil. 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 production facilities contained in the ring fence of the five concessions are also part of the cluster, besides ownership of some lands. In 2020, average production of the North Capixaba cluster was over 7,000 b/d of oil and 60,400 cu m/d day of gas (OGJ Online Jan. 15, 2021).
Total amount of the sale is up to $544 million, with $35.85 million paid on contract, $442.15 million at closing, and up to $66 million in contingent payments provided for in contracts, depending on future Brent quotations.
Petrobras previously held 100% stake in the fields and was operator.
