The collegiate board of the National Petroleum Agency (ANP) approved on Thursday the extension of the deadline for Petrobras to conclude the sale of 69 mature fields on land and shallow water. For most of this group of assets, the new term will be June of next year, while the remaining portion should have the divestment process completed by December 31, 2021.
As a reminder, in December 2018, Petrobras sent a list to the ANP indicating the interest in ceding rights in 183 mature fields. By April 2020, the company had completed divestments in 61 fields and returned 13 to the agency. Thus, at that time, 109 fields remained in the hands of Petrobras, which were to be sold until December 31 of this year.
From April to the present, the oil company has managed to advance a little more, but has not completed the sale of all fields. So far, the state-owned company only managed to finalize the divestment in 39 and returned one of them. Therefore, 69 fields remain in the process of divestment.
With today’s ANP decision, Petrobras will now have until June 30, 2021 to sell 54 of the 69 fields that still remain. They are located at the Recôncavo, Miranga, Remanso, Peroá / Cangoá, Garoupa, Merluza and Ceará clusters. These assets are already in an advanced stage of negotiation, within the stage of closing the contract or in the phase of binding proposals.
As for the remaining 15 fields, the deadline for completing the transaction will be slightly longer: December 31 of the next year. The assets in question were included in the Bahia Terra, Carmópolis, Potiguar, Norte Capixaba, Alagoas, Urucu and Manati clusters.
Source: PetroNoticias
Brazil Energy Insight 
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