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Nigeria: Petrobras selling its interest in two deepwater offshore blocks in Nigeria

07 Nov 2017

Photo - see caption

Petrobras has initiated the opportunity disclosure stage ('Teaser') related to the sale of 100% equity interest in Petrobras Oil & Gas B.V. ('POGBV'), a joint venture formed by Petrobras (50%), BTG Pactual E&P B.V. (40%) and Helios Investment Partners (10%). Petrobras is leading this sale process.

POGBV owns interests in two world-class deepwater offshore blocks in Nigeria - OML 127 & OML 130 - which contain the producing fields Akpo and Agbami, the ongoing oil development Egina, with first production expected in late 2018, as well as the Preowei discovery, which is currently being appraised.  

The giant Akpo and Egina fields are operated by Total and Agbami by Chevron. POGBV’s net entitlement reserves amount to approx. 204 million bbl with current production of 48 thousand bbl/day and expectation to reach around 75 thousand bbl/day by 2019.

Photo - see caption

Follow the link below for the 'Teaser' containing key information about this opportunity, as well as the objective criteria for the selection of prospective purchasers.

Original article link

Source: Petrobras

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