Published On: Sat, Feb 29th, 2020

Petrobras to sell stake in Merluza and Lagosta fields of Santos Basin

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has launched the sale process of its stake in the Merluza and Lagosta fields, contained in the shallow waters of the Basin, Brazil.

The Brazilian national oil company said that the sale of is stake in the Santo Basin fields is in line with the optimization of its portfolio and also for its capital allocation, aimed at maximizing value for its shareholders.

Located in a water depth of 135 meters, the Merluza fixed platform (PMLZ-1) has been operating since 1993, which makes it the oldest platform to operate in the . The PMLZ-1 platform produces natural and condensate from the and since 2009 has been producing from the Lagosta field as well.

In 2019, the average production of the Merluza and Lagosta fields was 3.6 thousand boe/day.

Petrobras to sell stake in Merluza and Lagosta fields of Santos Basin

Petrobras to sell stake in Merluza and Lagosta fields of Santos Basin. Photo courtesy of Eric and Christian/Wikipedia.org.

 

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