Petrobras, continuing the announcements made on 12/23/2020, 08/27/2021, and 01/19/2022, informs that the Company’s Board of Directors, in a meeting held today, approved the sale of its entire stake (100%) in a set of 22 concessions for onshore and shallow water production fields, along with its processing, refining, logistics, storage, transportation, and oil and natural gas offloading infrastructure, located in the Potiguar Basin, in the state of Rio Grande do Norte – RN, collectively referred to as the Potiguar Pole, to the company 3R Potiguar S.A., a wholly-owned subsidiary of 3R Petroleum Óleo e Gás S.A. The signing of the purchase and sale agreement and subsequent steps will be disclosed to the market in due course.
The total sale amount is US$ 1.38 billion, consisting of (a) US$ 110 million paid on the date of signing the purchase and sale agreement; (b) US$ 1.04 billion at the closing of the transaction; and (c) US$ 235 million to be paid in 4 annual installments of US$ 58.75 million, starting in March 2024. The amounts do not consider adjustments due until the closing of the transaction, which is subject to the fulfillment of precedent conditions, such as approval by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).
This disclosure is in accordance with Petrobras’ internal regulations and the provisions of the special procedure for the assignment of rights for the exploration, development, and production of oil, natural gas, and other fluid hydrocarbons, as provided in Decree 9.355/2018.
This operation is aligned with the portfolio management strategy and the improvement of the company’s capital allocation, aiming to maximize value and provide greater returns to society. Petrobras continues to increasingly concentrate its resources on deep and ultra-deep water assets, where it has demonstrated a significant competitive advantage over the years, producing higher quality oil with lower greenhouse gas emissions.
About the Potiguar Pole
The Potiguar Pole comprises three sub-poles (Canto do Amaro, Alto do Rodrigues, and Ubarana), totaling 22 fields, with 3 offshore concessions and 19 onshore concessions located in Rio Grande do Norte, in addition to including access to processing, refining, logistics, storage, transportation, and offloading infrastructure for oil and natural gas. The concessions in the Ubarana sub-pole are located in shallow waters, between 10 and 22 km from the coast of the municipality of Guamaré-RN. The other concessions in the Canto do Amaro and Alto do Rodrigues sub-poles are onshore.
The average production of the Potiguar Pole in 2021 was 20.6 thousand barrels of oil per day (bpd) and 58.1 thousand m³/day of natural gas. In addition to the concessions and their production facilities, the transaction includes the refining structure integrated into the oil and gas production process, composed of the Clara Camarão Refinery, located in Guamaré/RN with an installed refining capacity of 39,600 bpd.
About 3R Potiguar S.A.
3R Potiguar S.A. is a company focused on the redevelopment of mature and producing fields, controlled by 3R Petroleum Óleo e Gás S.A. (3R Petroleum), a company listed on the Novo Mercado of the Brazilian stock exchange.
Source: www.agenciapetrobras.com.br