Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. Petróleo Brasileiro S.A. - Petrobras
  6. News
  7. Summary
    PETR4   BRPETRACNPR6

PETRÓLEO BRASILEIRO S.A. - PETROBRAS

(PETR4)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Teaser: Catuá Field

10/22/2021 | 08:14am EST

Offshore Investment Opportunity Campos Basin - Brazil

October 21st, 2021

Opportunity Overview

-

  • Petróleo Brasileiro S.A. PETROBRAS ("PETROBRAS") is undertaking a process ("Process") to sell its total equity interest (100%) in Catuá Field, located in Campos Basin, Brazil ("Potential Transaction"). The Catuá Field is located in waters of Espirito Santo State, around 128 Km away of the cost, in 1.700-1.950m water deep.
  • The Catuá Field is part of Concession Contract No. 48000.003560/97-49), originally Concession BC-60, acquired in Round Zero of the Agência Nacional de Petróleo, Gás Natural e Biocombustíveis ("ANP"). The Potential Transaction refers only to Petrobras' 100% WI of Catuá Field, and there are other Fields in Concession BC- 60 that will not be assigned by PETROBRAS in the Potential Transaction.

PÚBLICA

Opportunity Highlights

-

Asset General

Information

Well Understood Subsurface with Considerable Database

  • Deep water field, discovered by Petrobras in 2003, without production
  • Declaration of commerciality in 2006
  • 4 vertical exploratory wells, with permanent abandonment status
  • Approximately 29 km2 of area
  • STOOIP up to 993.82 MM oil boe
  • 42º API oil
  • Albian Carbonatic reservoirs of Quissamã Formation located salt dome flank
  • Reservoir characterization supported by 3D seismic, lateral samples and formation tests
  • 4 exploratory wells with complete log suit, fluid sampling and static pressure tests
  • 2 exploratory opportunities identified in the Catuá Field, which represent possible new accumulations in the same Albian carbonates found in the main accumulation.

Favorable Business

Area with discovery, which allows quick production

Scenario

Significant hydrocarbon volumes - Light Oil

Infrastructure of other Operators in the vicinity

Zero Round - no local content obligations

PÚBLICA

Opportunity Highlights

-

Field favorably situated close to existing facilities of other operators.

Opportunity for oil production from the Carbonatic Reservoirs of Albian Age,

related to those that produce in Marlim Leste, Barracuda and Caratinga fields.

Possibility of developing reservoir production, including:

- Drilling wells in karstified/fractured areas;

Quissamã Carbonates Structural Top

- Drilling wells with special geometry, optimizing swept efficiency

Interpreted Seismic Section (depth)

PÚBLICA

Exploratory Opportunities

COBRA DÁGUA Lead

  • Target: calcarenites of Quissamã Formation (Lower Albian)
  • Calculated Average VOIP: 196,56 MM Boe

CATUÁ NORTE Lead

  • Target: calcarenites of Quissamã Formation (Lower Albian)
  • Calculated Average VOIP: 277,83 MM Boe

Structural Map (Carbonate Top)

Structural Map (Carbonate Top)

Arbitrary Seismic Section in Depth.

CATUÁ NORTE Strike Seismic Section in Depth.

COBRA DÁGUA

Albian

Salt Top

PÚBLICA

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

PETROBRAS - Petróleo Brasileiro SA published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 12:13:03 UTC.


© Publicnow 2021
All news about PETRÓLEO BRASILEIRO S.A. - PETROBRAS
11/26PETRÓLEO BRASILEIRO S A PETROBRAS : Petrobras clarifies about pieces of news in the media ..
PU
11/26PETRÓLEO BRASILEIRO S A PETROBRAS : Petrobras signs agreement to lease the TermoCamaçari P..
PU
11/26ADRs Close Lower; BioNTech Rises, Carnival Drops
DJ
11/26Petrobras, Seadrill Sign Two Contracts Worth $549 Million for Buzios Field Work
MT
11/26Energy Stocks Decline Pre-Bell Friday
MT
11/26Wall Street Tumbles Pre-Bell as New COVID Strain Threatens Global Economic Recovery
MT
11/26PETRÓLEO BRASILEIRO S A PETROBRAS : Current Report by Foreign Issuer (Form 6-K)
PU
11/26Petrobras to Invest $68 Billion Under 2022-2026 Strategic Plan
MT
11/26Seadrill Gets Contracts Worth $549 Million From Petrobras
DJ
11/26Seadrill Wins $549 Million Contract From Petroleo Brasileiro
MT
More news
Analyst Recommendations on PETRÓLEO BRASILEIRO S.A. - PETROBRAS
More recommendations
Financials
Sales 2021 452 B 80 634 M 80 634 M
Net income 2021 95 822 M 17 083 M 17 083 M
Net Debt 2021 267 B 47 538 M 47 538 M
P/E ratio 2021 3,70x
Yield 2021 21,8%
Capitalization 377 B 67 220 M 67 134 M
EV / Sales 2021 1,42x
EV / Sales 2022 1,33x
Nbr of Employees 49 050
Free-Float 64,3%
Chart PETRÓLEO BRASILEIRO S.A. - PETROBRAS
Duration : Period :
Petróleo Brasileiro S.A. - Petrobras Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PETRÓLEO BRASILEIRO S.A. - PETROBRAS
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 28,47 BRL
Average target price 36,91 BRL
Spread / Average Target 29,6%
EPS Revisions
Managers and Directors
Joaquim Silva e Luna Chief Executive Officer & Director
Rodrigo Araujo Alves Chief Financial Officer
Eduardo Bacellar Leal Ferreira Chairman
Marcelo da Silva Carreras Head-IT & Telecommunications
Marcia Tosta Head-Cyber & Information Security
Sector and Competitors