Divestment Plan

Redepetro: sale of the Potiguar Pole will boost the sector

T&B Petroleum/Press Release
26/08/2020 19:36
Redepetro: sale of the Potiguar Pole will boost the sector Imagem: Divulgation Visualizações: 1253 (0) (0) (0) (0)

Announced on 08/24 by Petrobras, the sale of Polo Potiguar will rekindle the oil and gas activity in Rio Grande do Norte. The assessment is of the Associação Redepetro RN, which brings together companies in the sector. According to the entity, the negotiation will cause a turnaround in the market: it will replace the divestment of Petrobras by private sector investments.

 

Petrobras initiated a process to sell all of its stakes in a set of 26 concessions for onshore and shallow water production fields in Rio Grande do Norte, which form the Potiguar Pole. The asset comprises the Canto do Amaro, Alto do Rodrigues and Ubarana subpoles, with 23 land and three sea concessions.

 

It also includes access to processing, refining, logistics, storage, transportation and outflow infrastructure for oil and natural gas. The company pointed out that the Clara Camarão refinery, located in the municipality of Guamaré, which has an installed refining capacity of 39,600 barrels of oil per day, is included in the transaction.

 

New scenario

 

The president of Redepetro RN, Gutemberg Dias, estimates that the sale will consolidate a new reality in the Rio Grande do Norte basin, which started with the negotiation of 46 concessions, which moved around R $ 2.1 billion in seven months. "The departure of Petrobras does not mean the end of the oil activity in RN. On the contrary. It will bring opportunities for the entire production chain", he observes.

 

Dias cites the example of the Riacho da Forquilha field in Mossoró, recently acquired by the company Potiguar E&P. "In just six months after taking over the field, production increased by 30%", he recalls. These and other figures, according to him, have turned Rio Grande do Norte into a national reference in the revitalization of onshore fields.

 

"Petrobras' decision is not a setback, but a turning point in the market. Instead of an oil company with no interest in investing, large companies will arrive, determined to make new investments," he says. These large corporations - he observes - will hire labor, sublet smaller companies, buy in local commerce, in short, move the chain.

 

Petrobras needs to clarify - warns Gutemberg Dias - whether the sale of the pole will be single or fractional. "It would be interesting for several companies to buy the potiguar asset, because new entrants would generate more business. Our caveat is that there is plurality for the dynamization of the business, and not the sale of the entire pole to a single company", he ponders.

 

Association of companies sees opportunities for the production chain

 

Announced on Monday (24) by Petrobras, the sale of Polo Potiguar will rekindle oil and gas activity in Rio Grande do Norte. The assessment is of the Associação Redepetro RN, which brings together companies in the sector. According to the entity, the negotiation will cause a turnaround in the market: it will replace the divestment of Petrobras with contributions from the private sector.

 

Petrobras initiated the process to sell all of its stakes in a set of 26 concessions for onshore production fields and shallow water in Rio Grande do Norte, which form the Potiguar Pole. The asset comprises the Canto do Amaro, Alto do Rodrigues and Ubarana subpoles, with 23 land and three sea concessions.

 

It also includes access to processing, refining, logistics, storage, transportation and outflow infrastructure for oil and natural gas. The company pointed out that the Clara Camarão refinery, located in the municipality of Guamaré, which has an installed refining capacity of 39,600 barrels of oil per day, is included in the transaction.

 

New scenario 

The president of Redepetro RN, Gutemberg Dias, estimates that the sale will consolidate a new reality in the Rio Grande do Norte basin, which started with the negotiation of 46 concessions, which moved around R $ 2.1 billion in seven months. "The departure of Petrobras does not mean the end of the oil activity in RN. On the contrary. It will bring opportunities for the entire production chain", he observes.

 

Dias cites the example of the Riacho da Forquilha field in Mossoró, recently acquired by the company Potiguar E&P. "In just six months after taking over the field, production increased by 30%", he recalls. These and other figures, according to him, have turned Rio Grande do Norte into a national reference in the revitalization of onshore fields.

 

"Petrobras' decision is not a setback, but a turning point in the market. Instead of an oil company with no interest in investing, large companies will arrive, determined to make new investments," he says. These large corporations - he observes - will hire labor, sublet smaller companies, buy in local commerce, in short, move the chain.

 

 

 

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