Uruguá and Tambaú Divestment Enters Binding Phase

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Petrobras announced the beginning of the binding phase for the sale of offshore fields Uruguá and Tambaú, after first releasing a teaser in the beginning of September. According to the document, the assets have a VGIP of 38.7 billion m³ and a VOIP of 353 million barrels, with an average production of 6,300 bbl/day of oil and 1.2 million m³/day of gas on the months with operation in 2020.

Both fields originated from the Round Zero block BS-500 and started producing about 10 years ago through FPSO Cidade de Santos. However, operations have been on a halt since April.

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