On 27 February 2020, Petrobras published a teaser to sell its 100% working interest in the 51.16 sq km Merluza production concession and 33.56 sq km BS-001 contract, Lagosta production concession in the offshore Santos Basin. It has denominated the asset as the Merluza package and it includes the PMLZ-1 fixed platform in a water depth of 135 m and 215 km, 16" pipeline to shore to Cubatao for processing and sales.     Petrobras      may also include the assignment of other services contracts, as well as an      oil and gas purchase and sales agreement in case the purchaser wants to      sell its production to Petrobras.  The Merluza      production concession has a final expiry date of 5 August 2025 and Lagosta      17 September 2031 with a potential for these contracts to be extended.   Petrobras      indicated the fields produce gas and condensate from 4,600 m to 5,100 m      depths with average production in 2019 of 3,580 boe/d, 16% condensate.   The      customary qualification and manifestation of interest are required to      enter the non-binding phase of the divestment process.   The      manifestation of interest must be sent to pbr-shallow@bankofamerica.com by      13 March 2020.   The      qualification documents must be sent to pbr-shallow@bankofamerica.com by      27 March 2020.
Petrobras - Santos Basin - Merluza and Lagosta production concessions - Merluza package on offer