Posted on December 4, 2024
Petrobras informs that it has started the opportunity disclosure stage ( teaser ) regarding the transfer of its 25% minority stake in the Tartaruga Field, located in the municipality of Pirambu-SE, in shallow waters of the Sergipe-Alagoas Basin, operated by SPE Tiêta (Petrorecôncavo).
The teaser , which contains the main information about the opportunity and the eligibility criteria for the selection of potential participants, is available on Petrobras’ website: https://www.investidorpetrobras.com.br/resultados-e-comunicados/teasers .
Petrobras’ share of production from the Tartaruga Field, considering the average for the first nine months of 2024, was approximately 41 bpd of oil and 723 m³/day of associated gas. The Field’s total production is less than 1% of the total production of the state of Sergipe. The divestment decision takes into account that this is a non-operated asset, with no synergy with the company’s portfolio.
The eventual transfer of Petrobras’ stake in the Field will not impact the company’s other activities in the region. As established in the 2025-2029 Business Plan, Petrobras will maintain significant investments in the state of Sergipe, with the forecast of contracting two FPSO-type platform vessels for the Sergipe Deep Waters (SEAP) area, with a production capacity of up to 120 thousand barrels per day each, and the construction of a gas pipeline with a capacity of 18 million m3/day.
Since this is a field not operated by Petrobras, there are no company employees working exclusively on the asset. Therefore, the transfer of Petrobras’ stake in the Tartaruga Field will not have an impact on its own or outsourced workforce.
This disclosure is in accordance with Petrobras’ internal rules and with the provisions of the special procedure for the assignment of rights to explore, develop and produce oil, natural gas and other fluid hydrocarbons, as provided for in Decree 9,355/2018.
The main subsequent stages of the project will be communicated to the market in due course.
About the Tartaruga Field
The Tartaruga field is located on the northern coast of the state of Sergipe, in the municipality of Pirambu, in shallow waters of the Sergipe-Alagoas Basin. The wells were drilled directionally, from the base located in the onshore portion of the field. Petrobras holds a 25% stake in the asset and SPE TIETA (a company controlled by Petrorecôncavo) is the operator, with a 75% stake.
