Petrobras has agreed to sell its Potiguar Basin assets in Brazil to 3R Potiguar, a wholly-owned subsidiary of 3R Petroleum Óleo e Gás, for US$1.3bn.
Located in the state of Rio Grande do Norte, the Potiguar cluster is made up of three subclusters, which include Canto do Amaro, Alto do Rodrigues, and Ubarana.
Last year, the average production of the cluster was 20.6 thousand barrels of oil per day (bpd) and 58.1 thousand m³/day of natural gas.
The assets involved in the transaction are a set of 22 concessions of producing onshore and shallow water fields. The deal also includes the associated infrastructure for processing, refining, storage, logistics, transport and outflow of oil and natural gas.
The Clara Camarão refinery in Guamaré, which has an installed refining capacity of 39,600 bpd, is one of the notable additions to the associated infrastructure.
Completion of the transaction is subject to approval from the National Oil, Gas and Biofuels Authority (ANP) and other precedent conditions.
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