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Campos Basin

For R$ 76 million, PPSA and Petrobras close an agreement regarding the production of the Tartaruga Verde Sudoeste field

06/22/2020 | 16h57

Pré-Sal Petróleo (PPSA) and Petrobras closed a Settlement of Accounts in the amount of R $ 76 million related to the Union's share in the production of oil and natural gas in the Tartaruga Verde Sudoeste field, object of a production sharing contract signed on December 17, 2018. With this agreement, Petrobras is reimbursing, in cash, the production portion that the Union would be entitled between the signing of the contract and December 31, 2019.


All the Union's oil and gas produced in the field as of January 1, 2020 will be marketed by PPSA. Also in December 2019, a contract was signed for the sale of natural gas in the field, for one year, with Petrobras. As the Union's participation in the field is small, the expectation is that the first oil cargo will be commercialized within a year.



Font: T&B Petroleum/Press Office
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