Petrobras completes the sale of seven onshore fields – Macau Cluster

May 29, 2020

Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 08/09/2019, reports that it has completed today the sale of its entire interest in seven onshore production fields, located in the Potiguar Basin, in the state of Rio Grande do Norte, to SPE 3R Petroleum S.A., a wholly owned subsidiary of 3R Petroleum e Participações S.A..

After fulfilling all of the previous conditions, the transaction was concluded with the payment of R$ 676.8 million to Petrobras, already with the adjustments provided for in the contract.

This transaction is aligned with the company’s portfolio optimization and capital allocation improvement strategy, focusing its resources increasingly on deep and ultra-deep waters, where Petrobras has shown great competitive differential over the years.

About the fields
Macau Cluster encompasses the fields of Aratum, Macau, Serra, Salina Cristal, Lagoa Aroeira, Porto Carão and Sanhaçu. Petrobras held 100% interest in all concessions, except Sanhaçu concession, in which it was the operator with 50% stake, while the remaining 50% are from Petrogal Brasil S.A.. The current total production of oil and gas from these fields is about 5,000 barrels of oil equivalent per day.

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