Petrobras will sell two land fields in the Amazon

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The state oil company Petrobras, the largest company in Brazil, announced that it will sell 100 percent of its participation in two land fields that operates in the Brazilian state of Amazonas, in the north of the country.

The offer includes the concession and operation, as well as some facilities in the two fields, called Cupiúba and Carapanaúba and currently operated by Petrobras exclusively, as indicated in a statement sent to the financial market.

The two fields operate through two land concessions and with integrated facilities, located in the municipality of Coari, in the state of Amazonas.

The average production of both in 2018 was about eighty barrels of oil per day and 82,000 cubic meters of gas per day.

"This operation is aligned with the optimization of our catalog and the improvement in the distribution of the company's capital, with the objective of generating value for our shareholders," the note added.

The announcement is part of the asset sales plan that Petrobras has been carrying out for several years in order to get away from the economic crisis in which it was surrounded by corruption scandals and the fall in oil prices.

In the first half of the year, the company obtained a net profit of 22,897 million reais (about 5,610 million dollars), 34.4% more than in the same period of 2018 and generated mainly by the sale of assets.

Profit in the second quarter amounted to 18,866 million reais (4,620 million dollars), value 87.3% higher than the same period last year.

On the other hand, last August, Petrobras, controlled by the Brazilian State but with shares traded on the stock exchanges in Sao Paulo, New York and Madrid, It reached a record average production of three million barrels per day of oil and natural gas equivalent.



Source link
https://www.cooperativa.cl/noticias/mundo/brasil/sucesos/petrobras-pondra-a-la-venta-dos-campos-terrestres-en-la-amazonia/2019-09-14/110517.html

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