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Petrobras hit the hammer and blew up three pre-salt areas at once

Paulo Nogueira
28-05-2017 13:16:32
in Uncategorized
Petrobras exercises preemptive rights over three pre-salt platforms

With preemptive rights, Petrobras chose three of the eight that will be auctioned in the 2nd half of 2017

THE Petrobras who is not silly or anything, has already taken the lead and chosen the three most productive areas of the pre-salt in the country in a total of eight. But this is nothing unconstitutional, on the contrary, there is a law that allows you to have preference in any asset of your choice, regardless of who will win the other consortia, as long as your minimum share is 30%. Her chosen areas are:

  • Sapinhoá
  • Peroba
  • Alto de Cabo Frio

Sapinhoá belongs to the second bid of the bidding rounds, while the areas of Peroba and Cabo Frio Central still belong to the third round, which will probably take place on October 27 this year.

The estimated value of investments for Petrobras, assuming that it will maintain this rate of 30% in the stakes, will be around R$810 million.

Remembering that in the first pre-salt finishes, more specifically in the Libra area, Petrobras was left with 40%. The other operators constituted by Shell, Total, CNOOC and CNPC, shared the 60% of the productive sector.

Pedro Parente, president of the state-owned company, said in an interview that the decisions were made exclusively on technical and financial characteristics that the company is experiencing at the moment.

Solange Guedes, area director, unfortunately added that to gather these R$810 million, the company will have to postpone exploratory and production projects, giving priority to BR's divestment plan, despite the activities in this sector being very intense and still holding many areas outside of the pre-salt.

About the areas that Petrobras talked about

  1. Sapinhoá it is a region that is already in full activity. It is also in second place in terms of size and daily production of barrels of oil, reaching the mark of 253 barrels every day. Petrobras, Shell and Repsol are operating in it.
  2. Peroba it is the area that produces the most, which is not far from Campo de Lula, about fifty kilometers. Petrogal and Shell also operate this area together with Petrobras, of course.
  3. Alto do Cabo Frio Central is a hydrocarbon site with little exploration, but with a monstrous potential, since technical studies indicate that this area is the largest ever discovered in the national territory.

Still ravaged by the crisis, Petrobras hopes with these final touches to regain its name and prestige in the international market, now missing some issues of local content and the political crisis that is plaguing the country.

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Paulo Nogueira
With technical training, I worked in the offshore oil and gas market for a few years. Today, my team and I are dedicated to bringing information from the Brazilian energy sector and the world, always with credible and up-to-date sources.