On 14 August 2020, Petrobras informed it signed an agreement with SPE Fazenda Belem S.A., a fully owned subsidiary of 3R Petroleum e Participacoes S.A., for its 100% working interest in the Fazenda Belem and Icapui production concessions, in the onshore Potiguar Basin.  The transaction had a value of USD 35.2 million, with USD 8.8 million paid on the contract signature date. Another USD 16.4 million will be paid when the deal closes and the last USD 10 million will be paid 12 months after the closing of the negotiation. The deal is subject to Agencia Nacional do Petroleo (ANP) approval.  Petrobras was the operator of the 307.52 sq km Fazenda Belem and the 37.27 sq km Icapui production concessions with 100% working interest. The concessions were officially awarded on 6 August 1998 as part of the ANP Round 0.  The following table includes some general information about the fields:          Fazenda Belem cluster   - general information             Field Name         Field sqkm         Disc Date Year         Prod Start Date         Avg. API gravity         Avg. 2020 oil prod.   (bo/d) (6/2020)         Avg. 2020 gas prod.   (Mcfg/d) (6/2020)             Fazenda Belem   (Potiguar)         411.48         1980         1980         14         804.5         34.3             Icapui         3.52         1996         1996         21         3.4         0.2             Source: IHS Markit                        Â©   2020 IHS Markit        Â   Background Information  On 22 September 2017 Petrobras issued a press release indicating that it is offering for potential sale and assignment 19 production concessions in five separate packages or poles onshore in the Potiguar and Sergipe-Alagoas basins. This represents about one-fourth of the fields the company offered when it announced the sale of the Topaz project in 2016 with some additions and some reductions. The company also published the marketing teaser for the proposed five packages.
Petrobras informed it signed an agreement with SPE Fazenda Belem S.A., a fully owned subsidiary of 3R Petroleum e Participacoes S.A., for its 100% working interest in the Fazenda Belem and Icapui production concessions.