Petrobras announces that it has signed with the companies OP Energia Ltda. and DBO Energia SA contract for the sale of all of its interests in the Peroá and Cangoá production fields, and in the BM-ES-21 concession (Malombe Discovery Evaluation Plan), jointly called the Peroá Pole, located in the Holy Spirit. OP Energia and DBO Energia will form a consortium for the acquisition of Polo Peroá, with a 50% stake each, with the first company as operator.

The sale value is US $ 55 million, of which US $ 5 million is paid on the present date; US $ 7.5 million at the closing of the transaction and US $ 42.5 million in contingent payments provided for in the contract, related to factors such as Malombe's declaration of commerciality, future oil prices and extension of the concession terms. The amounts do not consider the 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).

According to the director of Institutional Relations and Sustainability at Petrobras, Roberto Ardenghy, the signing of the contract is an important milestone in the consolidation of a stronger and more competitive industry. “Our goal is to maximize the value of our portfolio and provide an opportunity for other companies in the sector to also prosper. In the portfolio of these companies, Polo Peroá will be able to develop, receiving new resources and increasing its useful life, with a positive impact on the generation of jobs and income for the region ”.

This disclosure is in accordance with the internal rules of Petrobras and with the provisions of the special procedure for the assignment of rights to explore, develop and produce oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355 / 2018.

This operation is in line with the portfolio optimization strategy and the improvement of the company's capital allocation, starting to increasingly focus its resources on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated a great competitive advantage over the years.

About Polo Peroá 

Petrobras holds a 100% interest in the Peroá and Cangoá fields, located in shallow waters, whose average production in 2020 was around 658,000 m3 / day of non-associated gas, and 100% interest in the BM-ES- exploratory block 21, located in deep waters, where the discovery of Malombe is found.

About OP Energia and DBO Energia 

OP Energia is a wholly owned subsidiary of 3R Petroleum Óleo e Gás S.A., a company listed on the Novo Mercado of the Brazilian stock exchange, whose strategy is to revitalize mature fields onshore and offshore.

For Ricardo Savini, president of 3R Petroleum, “Petrobras' decision to divest, especially in mature fields, dynamizes the Brazilian oil and gas market and allows for the structuring of new operating companies that will certainly invest in increasing production and reserves in these fields . As a result, the entire supply chain is also boosted with positive effects on job creation in traditionally oil-producing regions ”.

DBO Energia is an E&P company focused on increasing the recovery factor and efficiency of mature assets in Brazil, applying North Sea experience and technology. The international experience of DBO Energy, according to CEO Kjetil Solbraekke, demonstrates that “mature fields, after being transferred to smaller companies, show an increase in their production, with the extension of their useful life for decades. In addition, the sector's diversity, with companies of different sizes and with new strategies, will bring new solutions, development of different technologies and experiences to the sector, allowing the mitigation of risks and greater production for the country ”.