(WO) – Petrobras has agreed to amass a 100% curiosity in a portion of the Argonauta space within the Campos basin, growing its stake within the Jubarte pre-salt discipline.
The transaction entails pursuits presently held by Shell Brasil Petróleo Ltda., ONGC Campos Ltda. and Enauta Petróleo e Gás Ltda.. The acquired space features a 0.86% share of the Jubarte shared deposit, ruled underneath a manufacturing individualization settlement applied in 2025.
Upon completion, Petrobras’ stake within the Jubarte discipline will improve to 98.11%, with the remaining curiosity held by Pré-Sal Petróleo S.A. (PPSA).
The deal is valued at R$700 million plus $150 million, to be paid in installments and topic to customary value changes. Closing stays contingent on regulatory approvals from Brazil’s oil regulator and competitors authority.
Jubarte is a part of the Parque das Baleias growth within the northern Campos basin, the place Petrobras operates a number of platforms and FPSOs. The realm presently produces roughly 210,000 bopd.
Petrobras stated the acquisition will simplify asset administration and help its technique to focus on high-value, producing belongings in Brazil’s offshore portfolio.
The transaction additionally concludes ongoing negotiations amongst companions associated to manufacturing allocation and shared reservoir administration within the Jubarte space.