Brazil’s PetroRio is acquiring 80% interest in the Bijupirá and Salema fields, offshore Brazil from Shell Brasil Petróleo.
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Image of the Fluminense FPSO. From Modec. |
The Bijupirá and Salema fields are located in the Campos basin, in the Pre-Salt polygon, about 80km northeast of the Polvo field and 250km east of Rio de Janeiro.
As part of the deal, PetroRio is also acquiring the Fluminense FPSO, among other assets.
According to PetroRio, the agreement is subject to certain precedent conditions, including approval of the assignment of rights by Brazil's Council for Economic Defense (CADE) and the National Agency of Petroleum, Natural Gas and Biofuels (ANP). PetroRio will become the operator of the fields only upon approval from the regulatory agencies.
The fields are in water depths of 480m and 850m cover an area of 40 MMsq m with daily production totals of 22,000 bbl of light oil and 325,000sq m of associated gas, equivalent to 24,000 boe/d. The oil extracted from the fields is light from 28° to 31° API. The fields have produced more than 100 MMboe since start up in 2013.
PetroRio says that with this deal, it will become one of the largest independent producers in the country, operating an average of more than 30,000 b/d.
Petrobras holds the remaining 20% in the Bijupirá and Salema fields.
PetroRio is the new name of HRT Participações em Petróleo S.A.,that is still being proposed by management to the company’s stakeholders. Approval is expected at the next shareholder’s meeting.
Almost one year ago, Shell sold 23% stake in the Parque das Conchas (BC-10) project off Brazil to Qatar Petroleum International for about US$1 billion.
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