Petrobras Sells Polo Norte Capixaba Field Cluster

Brazilian state oil company will focus E&P efforts in deepwater.

Petrobras sign

In line with its strategy to concentrate resources on deepwater and ultradeepwater assets, Brazil’s Petrobras has sold 100% of its interest in Norte Capixaba cluster to Seacrest Exploração e Produção de Petróleo Ltda for $544 million, including a $66-million contingent payment. The cluster comprises four producing fields—Cancã, Fazenda Alegre, Fazenda São Rafael, and Fazenda Santa Luzia—and produced 6,470 BOE/D in 2021. The deal also includes the Norte Capixaba Terminal (TNC) and all production facilities.