Petrobras agrees to sell shallow water fields in Potiguar Basin

The sale value is US$1.5 million, to be paid in two installments: (a) US$300 000 at signing of the transaction; and (b) US$1.2 million at closing of the transaction, without considering the adjustments due.

Petrobras is the operator of the three fields with 65% interest and OP Pescada Óleo e Gás Ltda. holds the remaining 35% in consortium. The average production of the Pescada Cluster from January to June 2020 was approximately 260 bpd and 190 000 m³/d of gas.