Brazilian state-owned company Petrobras has received bids worth more than US$4 billion to divest the Albacora and Albacora Leste oil fields. The concession is located in the deep waters of the Campos Basin off Brazil.

Petrobras said: "The company is analyzing the project based on its evaluation criteria, considering all the value components and other conditions reflected in the quotation, including confirmation and contingent payments and other relevant contract conditions." "At the end of the analysis of the offer Later, the beginning of the negotiation phase will be submitted to the company’s executive board for deliberation."

The Albacora oil field covers an area of 455 square kilometers and is located in the northern part of the Campos Basin, with a water depth of 100-1050m. It is about 110 kilometers from Cape São Tomé on the northern coast of Rio de Janeiro. Petrobras is the 100% operator of the field, which will produce an average of 23,200 barrels (bpd) of oil and 408,500 cubic meters (m3/d) of natural gas per day in 2020.

The Albacora Leste oil field is located between 1000-2150m in water depth and is distributed in the northern part of the Campos Basin, covering an area of 511.5km 2. In 2020, it will produce 30,900 barrels of oil and 598,000 m3/d of natural gas per day on average. Petrobras is the operator of the oil field and owns 90% of the shares, while Repsol Sinopec Brasil owns the remaining 10%. Keywords: new energy, foreign engineering project information

The Brazilian company said: “The company clarified that the signing of the transaction will depend on the outcome of the negotiations and the necessary company approval.” In addition, Petrobras announced that China National Offshore Oil Corporation (CNOOC) has expressed interest in exercising. Option to purchase an additional 5% stake in Brazil’s offshore Búzios oil field for US$2.08 billion.Editor/Baohongying