Petróleo Brasileiro SA (Petrobras) has started the binding phase of its sale of interests in a set of four onshore field concessions and integrated facilities, jointly named North Capixaba cluster, onshore Brazil.
Potential buyers qualified for this phase will receive a process letter with detailed instructions on the divestment process, including guidelines for due diligence and the submission of binding proposals.
The cluster currently comprises Cancã, Fazenda Alegre, Fazenda São Rafael, and Fazenda Santa Luzia fields. The North Capixaba terminal and all the production facilities contained in the ring fence of the concessions are also part of the cluster.
In 2020, average production of the North Capixaba cluster was over 7,000 b/d of oil and 60,400 cu m/d day of gas. Petrobras is operator of the fields and holds 100% stake.
