Petrobras, following up on the disclosures made on April 17, 2024, and April 25, 2024, announces that it has concluded today the transfer of its entire participation (100%) in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco Petróleo e Gás do Brasil Ltda (Perenco).
The Cherne and Bagre fields had their production halted in March 2020, and their respective production facilities have been mothballed since then. The transfer of these fields to Perenco includes compensation adjustments to be paid by Petrobras related to the asset’s integrity and brings the prospect of resuming production by the new operator, offering an alternative to their decommissioning by Petrobras.
Petrobras’ own employees involved in the operation of these assets will be relocated to other operations within the company.
This disclosure is in accordance with Petrobras’ internal regulations and applicable legislation.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/05082025/petrobras-has-announced-divestment-of-cherne-and-bagre-fields/