Petrobras and Total SA have finalized a decisive milestone in the realization of their strategic alliance, with the completion of the following transactions:
Transfer from Petrobras to Total of 35 percent of the rights, as well as the operatorship, of the Lapa field in Block BM-S-9A in the Santos Basin pre-salt, alongside Shell (30 percent), Repsol-Sinopec (25 percent) and Petrobras (10 percent). The Lapa field was put into production in December 2016, via the 100,000 barrels per day capacity Cidade de Caraguatatuba FPSO.
Transfer from Petrobras to Total of 22.5 percent of the rights of the Iara area, which comprises the Sururu, Berbigao and Oeste de Atapu fields in Block BM-S-11A in the Santos Basin pre-salt, operated by Petrobras (42.5 percent) alongside Shell (25 percent) and Petrogal (10 percent). Production in Iara is expected to start in 2018 through the 150,000 barrels per day capacity P-68 FPSO in Berbigao-Sururu fields, which will be followed by a second FPSO in 2019 in the Atapu field.
The consideration for the above transactions amounts to $1.95 billion. These transactions give shape to the strategic alliance between Petrobras and Total, allowing them to combine their deep-offshore expertise.
No comments:
Post a Comment