Petrobras, Chevron selling Maromba field

Brazilian oil company Petrobras is looking to shed its stake in the Maromba field, in the Campos Basin, offshore Brazil.

Petrobras, which is the operator of the Maromba, is selling its 70 percent ownership in the heavy oil field, along with its partner Chevron, which is looking to sell its 30 percent stake, as well.

The potential transaction, Petrobras said, represents an opportunity to develop and monetize a heavy oil discovery in shallow waters, close to the producing fields of Peregrino and Papa-Terra.

Commerciality of the field was declared in December 2006, and according to Petrobras, the Maastrichtian reservoir is considered economically attractive, fully appraised by 9 wells.

Development plan is currently based on subsea completion and leased FPSO with a capacity of 60 kbopd, and no local content requirements. First oil, according to Petrobras, is feasible for 2019 from the Maastrichtian horizon.

According to Petrobras, interested parties should declare their interest to the company by July 17.

Offshore Energy Today Staff

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