On May 29, Petrobras issued a press release indicating it completed the sale of its entire working interest in the Macau package of seven fields to SPE 3R Petroleum.  The transaction concluded with SPE 3R Petroleum paying BRL 678.8 million (~USD 127.20 million, 1 USD = 5.34 BRL) to Petrobras.  The seven production concessions include the Aratum, Lagoa Aroeira, Macau, Porto Carao, Salina Cristal, Sanhacu, and Serra.  Petrobras held 100% working interest in all the production concessions, except the Sanhacu concession, in which Petrobras was the operator with 50% working interest. The remaining 50% working interest belongs to Petrogal Brasil S.A.          Macau Package of   fields             Field Name         Field sqkm         Disc Date Year         Cumul Gas Prod MMscf   (2019)         Cumul Oil Prod MMbbl   (2019)             Aratum         5.26         1982         944.53         5.26             Lagoa Aroeira         0.6         1989         58.72         0.81             Macau         2.5         1982         610.03         2.68             Porto Carao         0.9         1992         49.36         1.22             Salina Cristal         15.01         1987         11,909.99         27.08             Sanhacu         7.42         2007         11,959.05         0.40             Serra         3.3         1996         4,829.66         25.48             Source: IHS Markit                  Â©   2020 IHS Markit        Â   Background Information  On 30 March 2020, the ANP formally approved the sale and transfer of the entire working interest in the Macau package of seven fields from Petrobras to SPE 3R Petroleum.  On 8 August 2019, Petrobras issued a press release indicating it signed the sales agreement with SPE 3R Petroleum SA for the Macau package of seven fields in the onshore Potiguar Basin.  The terms of the deal were reported to be a total consideration of USD 191.1 million to be paid in two installments.   The first installment of USD 48 million paid on signing date and the remainder of USD 143.1 million to be signed after formal approvals and transaction closing.   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.
Brazil (Potiguar B.) Macau op. by 3R PT (100%) Petrobras issued a press release indicating it signed the sales agreement with SPE 3R Petroleum SA for the Macau package of seven fields in the onshore, for US$191 MM. The seven production concessions include the Aratum, Lagoa Aroeira, Macau, Porto Carao, Salina Cristal, Sanhacu, and Serra.