Summary by Moomoo AI
On November 27, 2024, Petrobras announced the teaser stage for transferring its 25% minority stake in the Tartaruga Field, located in the Sergipe-Alagoas Basin. The field, operated by SPE Tiêta, contributes less than 1% to Sergipe's total production. Petrobras' decision to divest is due to the asset being non-operated and lacking synergies with its portfolio.Petrobras' production from the field averaged 41 bpd of oil and 723 m³/day of gas in the first nine months of 2024. The divestment will not impact Petrobras' workforce or other regional activities. The company plans significant investments in Sergipe, including two FPSOs and a gas pipeline, as outlined in its 2025-2029 Business Plan.The teaser, detailing the opportunity and eligibility criteria, is available on Petrobras' website. Further project stages will be communicated to the market in due course.
