Petrobras has sold its entire stake in the ten fields that comprise the Pampo and Enchova clusters in shallow waters in the Campos Basin to Trident Energy’s subsidiary Trident Energy do Brasil.
The Pampo and Enchova Hubs which are located off the coast of Rio de Janeiro, include the Enchova, Enchova Oeste, Marimbá, Piraúna, Bicudo, Bonito, Pampo, Trilha, Linguado and Badejo fields.
The transaction with Trident Energy do Brasil has been concluded with Petrobras a payment of $365.4m.
According to reports, the deal still requires an additional payment of $650m from Trident Energy do Brasil.
With the completion of this transaction, Trident became the operator of these concessions with a 100% stake.
The Brazilian state-owned operator Petróleo Brasileiro last July first signed two contracts for the sale of shallow-water oilfields in Campos and Santos Basins for $1.5bn.
Trident do Brasil general manager Patrick Garo said: “Trident Energy do Brasil already has more than 100 professionals and we expect to reach more than a thousand working directly or indirectly in our operations.
“Our plans are long-term and we will make immediate investments to increase production and protect assets while preparing drilling and workover campaigns. With that, we hope to at least double current production.”