Petrobras to sell nine shallow-water concessions

July 06, 2016

RIO DE JANERIO -- Petrobras is selling nine shallow-water concessions in the states of Ceará and Sergipe.

The concessions, which achieved average production of 13,000 boed last year, represent just 0.5% of the company’s total output.

“The fields were grouped into production complexes, with integrated installations, in order to provide the new concessionaires with full operating conditions,” the state-run company said in a statement announcing the sale.

The concessions are Caioba, Camorim, Dourado, Guaricema e Tatuí in Sergipe and Curimã, Espada, Atum e Xaréu in Ceará.

The sale of these assets is part of Petrobras’ divestment strategy.

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