Petrobras announced in early November 2019 the preparation of a divestment teaser to shed its stake in 15 onshore exploration blocks in the Sergipe-Alagoas Basin. The 15 blocks include eight which are 100% Petrobras - SEAL-T-61, SEAL-T-112, SEAL-T-165, SEAL-T-177, SEAL-T-359, SEAL-T-372, SEAL -T-383 and SEAL-T-384. All these blocks are from Round 12 and contracted in 2014 except for SEAL-T-61 from Round 11 signed in 2013. Petrobras and Nova Petroleo are partners in the remaining seven concessions, SEAL-T-279, SEAL-T-280, SEAL-T-291, SEAL-T-292, SEAL-T-345, SEAL-T-346 and SEAL-T-360. All these are Round 12 blocks signed in 2014 with each partner holding a 50% stake. For these blocks after the submittal of offers, Nova Petroleo could exercise a right of first refusal to acquire the Petrobras interests. Offers must be made on a block by block basis.
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