Page 14 - LatAmOil Week 07 2022

LatAmOil NEWS IN BRIEF LatAmOil

INVESTMENT
Brazil’s Petrobras

reaches non-binding

phase for sale of E&P
assets in Gulf of Mexico

Petrobras, following up on the release disclosed
on October 4, 2021, informs the beginning of
the non-binding phase regarding the sale of the
entire 20% stake held by its subsidiary Petrobras
America Inc. (PAI) in the company MP Gulf
of Mexico (MPGoM), located in Texas, USA,
which owns offshore fields in the Gulf of Mexico.
Potential buyers qualified for this phase will
receive a process letter containing detailed infor-
mation about the aforementioned company, in
addition to instructions on the divestment pro-
cess, including guidelines for the preparation natural gas market signed with CADE in July and Mairarê wells.
and submission of non-binding proposals. 2019 to promote competition in this sector in The PSDM data illuminates exciting explo-
This disclosure complies with Petrobras’ Brazil. ration opportunities in the outboard Campos
internal rules. Petrobras is conducting the divestment pro- Basin with new full integrity PSDM products
This operation is aligned with the portfolio cess of its participation in Gaspetro, as commu- that cover open acreage blocks C-M-350, 417,
management strategy and the improved alloca- nicated to the market on February 27, 2020, May 485. This is the only 3D data for open blocks in
tion of the company’s capital, aiming to maxi- 15, 2020, July 10, 2020, December 30, 2020, and the upcoming permanent offer rounds.
mize value and greater return to society. July 28, 2021, and this operation does not change Over 10,000 square km of open acreage out-
About MPGoM: It is a Joint Venture Com- the conditions agreed between Petrobras and side the presalt polygon and over 3,000 square
pany with an 80% stake from Murphy Explo- Compass Gás e Energia for the sale of Gaspetro km of acreage inside the polygon will be offered
ration & Production Co. and 20% from PAI, shares. in the upcoming Permanent Offer rounds.
created in October 2018, with the contribution About Gasmar: Gasmar is a mixed-economy “Attention has definitely returned to Campos,
of all oil and natural gas assets in production, company, and the Government of the State of with encouraging announcements of hydrocar-
located in the Gulf of Mexico, of both companies. Maranhão is the other shareholder, with a 25.5% bon shows in the recent Urissanê and Mairarê
MPGoM holds participation as operator or stake in its capital stock. Gasmar holds the con- wells, the anticipation of the Marolo-1 well to the
non-operator in 14 offshore fields in the Gulf of cession, with exclusivity, to provide distribution south, along with several other permitted wells
Mexico. Petrobras’ share of the fields’ production and sales services for piped natural gas in the in the area. This data indicates further poten-
in 2021 was 10,400 boepd. entire territory of the State of Maranhão. tial in the basin,” says John Cramer, Brazil Area
Petrobras, February 16 2022 About Termogás: Termogás is a company Manager at PGS.
responsible for several undertakings in the These latest 3D full integrity TTI PSDM
Petrobras and Gaspetro energy, infrastructure and natural gas sectors. products cover open blocks in the outer Cam-
One of these ventures is Gasmar, in which pos Basin, where new gravity and magnetic data
conclude exit from Gasmar Termogás, upon completion of this operation, are also available. The resolution of the gravity/
becomes the owner of 74.5% of its total capital magnetic response has been optimized using
Petrobras, following up on the release disclosed stock. the 3D data (covering 16,000 square km) and
on April 9, 2021, informs that it concluded Petrobras, February 15 2022 reprocessed publically available 2D data for
today, together with its subsidiary Petrobras Gás the northern Campos Basin area (about 41 000
(Gaspetro), the transaction to finalize the pend- square km).
ing litigation with Termogás. As a result of this PERFORMANCE This integrated set of geophysical products
transaction, Termogás acquired the shares of facilitates the assessment of the petroleum sys-
Companhia Maranhense de Gás (Gasmar) held Latest PGS data shows tem and hydrocarbon potential of this active
by Gaspetro, which correspond to 23.5% of the exploration area, providing reliable seismic
total capital stock. potential in Brazil’s imaging for exploration risk mitigation and
After compliance with all the precedent con- potential drilling hazard assessment.
ditions, the operation was concluded with the outboard Campos basin Final full integrity multi-azimuth GeoS-
payment of BRL56.9mn to Gaspetro, already treamer X products due in August will complete
with the adjustments foreseen in the contract. The latest seismic depth data from PGS’ Cam- the set. Full Integrity TTI PSDM products Blocks
The transaction is part of Gaspetro’s portfo- pos Deepwater GeoStreamer X survey permit C-M-212, 279, 348, 350, 415, 417, 483, 485, 549.
lio optimization strategy and is aligned with the a new assessment of the potential of emerging Integrated 2D/3D Gravity and Magnetic data for
Term of Cessation Commitment (TCC) for the plays close to the recent high-impact Urissanê regional basin analysis.

P14 www. NEWSBASE .com Week 07 17•February•2022