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    Petrobras (PETR4) starts selling 40% of concessions on the Potiguar Equatorial Margin

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    Petrobras said it has a firm commitment to drill an exploratory well (Pitu Oeste well) scheduled for 2023 (Image: Money Times/Renan Dantas)

    THE Petrobras (PETR4) informed this Tuesday that it has started selling a 40% stake in two concessions in deep waters in the Potiguar Basin, on the so-called Equatorial Margin, which has aroused interest in the Petroleum due to proximity to discoveries in Guyana.

    The state-owned company stressed that it has a 100% interest in the BM-POT-17 concessions in which the Pitu and POT-M-762_R15 Discovery Assessment Plan is being developed, and that it will continue as operator of the partnership after the sale of the stake.

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    The company also stated that the search for partnerships in these assets “is in line with the portfolio management strategy and the improvement of the company’s capital allocation, aiming at maximizing value and greater return to society”.

    In the region, Petrobras said it has a firm commitment to drill an exploratory well (Pitu Oeste well) scheduled for 2023. In addition, it plans to drill the Anhangá well (Anhangá Exploratory Opportunity) between 2023 and 2024.

    See the document below:

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    Source: Moneytimes

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