The Brazilian state-held oil and gas company Petrobras has announced the start-up of the binding phase related to the partial sale without transfer of operatorship of its interests in four deep offshore concessions in the deepwater Sergipe-Alagoas basin, namely: BM-SEAL-4, BM-SEAL-4A, BM-SEAL-10 and BM-SEAL-11 (off Aracaju, Brazil). Interested parties are expected to receive invitations and gain access to more information on the blocks during this phase.
Petrobras is the operator of all the proposed assets, in which there have been six discoveries so far: Barra, Farfan, Muriú, Moita Bonita, Poço Verde and Cumbe. It offers the concession BM-Seal-4, in which it owns a 75% stake and is offering 35% share to interested parties. India’s ONGC owns a 25% share in this block. In BM-Seal-4A and BM-SEAL-10, Petrobras owns a 100% ownership, and is offering a 50% and a 30% stake, respectively. According to the company, these assets offer numerous low-risk prospects and provide significant inventory for long-term future production.