Shell is cancelling the divestment of an 80% stake in the Bijupirá and Salema fields, including the Fluminense floating production and storage offloading unit (FPSO).
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The Fluminense FPSO. Image from Modec. |
The Bijupirá and Salema fields are in the Campos basin, and are about 80km northeast of PetroRio's Polvo field, and 250km east of Rio de Janeiro, Brazil.
The fields cover 40 million sq m with daily production at 22,000 bbl light oil and 325,000cu m of associated gas, equivalent to 24,000 boe/d. Both fields have produced more than 100 MMboe since start up in 2013, in 480-850m water depth. The Fluminense is used in the production process of both fields.
PetroRio had paid 20% of the US$150 million deal in cash, with the remaining 80% to be paid upon closing in January 2015. When the initial deal with Shell Brasil Petróleo was announced, PetroRio said that the acquisition would make it become one of the largest independent producers in the country, operating at an average of more than 30,000 b/d.
In July 2015, Brazilian giant Petrobras agreed to sell its 20% interest in the Bijupirá and Salema fields to PetroRio for $25 million, as part of its $15.1 billion divestment plan.
In the Campos basin, PetroRio holds 100% of Polvo field, and is investing in its redevelopment.
Shell operates the Bijupirá and Salema fields with 80% interest. Petrobras still holds the remaining 20%, pending PetroRio's acquitision from Petrobras.
The notice comes one day after Shell completed the 100% acquisition of BG Group, making it one of the biggest oil and gas companies in the world.
Read more:
Petrobras sells Bijupirá, Salema stake
PetroRio discloses Shell price tag
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