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    Petrobras begins binding phase for the sale of the Uruguá and Tambaú fields in the Santos Basin

    They are located in the northern portion of the Santos Basin, between 140km and 160km off the coast of the State of Rio de Janeiro, in water depths ranging from 1,000 to 1,500m (Image: REUTERS/Sergio Moraes)

    A Petrobras (PETR4) started a binding phase for the sale of 100% of the Uruguá and Tambaú fields, of the BS-500 concession, in the Santos Basin, informed the company in a statement to the market this Wednesday.

    Potential buyers qualified for this phase will receive an invitation letter with instructions on the divestment process, including guidelines for carrying out due diligence and for the submission of binding proposals.

    Acquired in Round Zero by the regulatory agency ANP, both fields in 2020 produced approximately 5,000 bpd of oil and 918,000 m³/day of gas.

    They are located in the northern portion of the Santos Basin, between 140km and 160km off the coast of the State of Rio de Janeiro, in water depths ranging from 1,000 to 1,500m

    A company he stressed that the operation is in line with the portfolio management strategy and the improvement in the company’s capital allocation, aiming at maximizing value and greater return to society.

    Petrobras also said that it continues to increasingly focus its resources on assets in deep and ultra-deep waters, where it has shown a great competitive edge over the years, producing better quality oil and with lower greenhouse gas emissions.

    See the document below:

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