Petrobras Will Bid for Atapu and Sepia Oil Fields

April 29, 2021

World Energy Reports LLC.
AdobeStock_970776.jpeg

Brazil's Petroleo Brasileiro SA will exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu, the company said in a filing.

Petrobras, as the state-controlled producer is known, is aiming at a 30% stake in each field, for which it will need to pay a total 3.341 billion reais ($625.36 million) if the percentage is confirmed, the company said.

The signing bonus for Sepia is set at 2.141 billion reais, and 1.2 billion reais for Atapu, the company said.

An auction for the blocks, located in the pre-salt region, is expected for later this year.


($1 = 5.3425 reais)

(Reporting by Sabrina Valle Editing by Chris Reese)

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Annual five year outlook and forecast – At the start of each year we prepare a detailed assessment of future deepwater development and forecast the pace of orders for floating production systems over the next five years. Our 2021 annual report looks at market conditions likely to prevail through 2025 and provides our assessment of which of the 200+ floater projects in the planning queue will reach the final investment decision by end-2025
  • Monthly reports - Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 100 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In our May report we revisit the annual forecast and make revisions as needed.
  • Online database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.
  • Customer support - We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request a Demo