MADRID, 12 Jul. (EUROPA PRESS) –
The Brazilian oil company Petrobras has sold its 62.5% stake in the Papa-Terra production field to 3R Petroleum for a total of 105.6 million dollars (89 million euros), as reported Monday in a statement. .
The agreement establishes an immediate cash payment of 6 million dollars (5 million euros), another 9.6 million (8 million euros) at the time of the closing of the transaction and the remaining 90 million dollars (75 million euros). euros) will be paid taking into account production levels and future oil prices.
Located in the Campos Basin, the Papa-Terra field is part of the BC-20 concession. To date, the Brazilian state oil company owned 62.5% of the assets in consortium with Chevron, which maintains a 37.5% stake.
The field began operations in 2013 and the average oil and gas production until June 2021 is 17,900 barrels per day, through two TLWP and FPSO platforms, which process all production.
The company explained that the transaction is in line with its portfolio optimization strategy, with the aim of focusing “increasingly” on world-class assets in deep and ultra-deep waters, an area in which Petrobras claims to maintain “a great competitive differential over the years “.
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