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Petrobras To Launch Offers For Four Deepwater Brazil Blocks

Petrobras has started the opportunity disclosure stage concerning the sale of participating interests in four of its operated concessions in the deepwater Sergipe-Alagoas basin offshore Brazil.

These blocks include, BM-SEAL-4 Petrobras 75percent, ONGC 25percent (offered 35percent) and BM-SEAL-4A Petrobras 100percent (offered 50percent).

The two others are BM-SEAL-10 Petrobras 100percent (offered 30percent) and BM-SEAL-11 Petrobras 60percent IBV 40percent (offered 20percent).

To date there have been six discoveries of light oil and gas in these concessions: Barra, Farfan, Muriú, Moita Bonita, Poço Verde, and Cumbe.

Petrobras expects a declaration of commerciality to be issued in second quarter (Q2) 2020, according to Offshore reports.

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