Petrobras has finalised the sale of its entire participation in two onshore production fields - Ponta do Mel and Redonda - located in the Potiguar Basin, in the state of Rio Grande do Norte, to Central Resources do Brasil Producao de Petroleo Ltda.

After the fulfilling of all precedent conditions and considering other further conditions subsequently agreed, the operation was concluded totaling US$ 7.2 million for Petrobras, with payment to be made over 18 months.

The company has additionally completed the sale of its entire stake in the ten fields that comprise the Pampo and Enchova Clusters, located in shallow water in the Campos Basin in the state of Rio de Janeiro, to Trident Energy do Brasil, a subsidiary of Trident Energy L.P.

The transaction was concluded with the payment of US$365.4 million to Petrobras, after all of the previous conditions had been met, and considering adjustments provided for in the contract and other conditions subsequently agreed between the parties, and provides for contingent payment of an additional amount of US$650 million, including US$200 million disclosed on 07/24/2019. The amount received at the closing of the transaction is added to the amount of US$53.2 million paid to Petrobras at the signing of the salesagreement, totaling US$418.6 million.

KeyFacts Energy: Petrobras Brazil country profile