Petrobras has acquired the exploration and production rights in the Atapu and Sepia fields in the Santos basin offshore Brazil in the 2nd Bidding Round for the Transfer of Rights surplus.
Petrobras has acquired the exploration and production rights in the Atapu and Sepia fields in the Santos basin offshore Brazil in the 2nd Bidding Round for the Transfer of Rights surplus.
A Petrobras-led (30%) consortium including TotalEnergies (28%), Petronas (21%) and QP Brasil (21%) has won a production sharing contract in the presalt ultra-deepwater Sepia field.
A Petrobras-led (52.5%) consortium has also won volumes in the ultra-deepwater presalt Atapu field in partnership with Shell (25%) and TotalEnergies (22.5%).
‘Atapu and Sépia are proven high-productivity assets, with good oil characteristics and significant potential to incorporate reserves. They have low lifting costs and are resilient to a low-price scenario,’ said Petrobras.
The Atapu field in water depths of 2000 m started production in June 2020 and is expected to reach a capacity of around 350,000 b/d. It has the capacity to treat up to 6 million m³/d of gas.
The Sépia field in 2000 m of water started production in August 2021 and is targeting production of 350,000 b/d.
Petrobras will pay a signing bonus of $730 million.
Patrick Pouyanné, chairman and CEO of TotalEnergies, said: ‘These assets benefit from world-leading well productivities to keep costs well below 20 $/boe. They also leverage technological innovations to limit greenhouse gas emissions to well below 20 kg/boe.’
