Petrobras in late March 2020 received approval from the ANP board of directors in its divestment process for producing fields in Rio Grande do Norte called Polo Macau. The sale involves seven onshore and offshore fields in the Potiguar Basin where Petrobras signed a contract with Brazilian operator, SPE 3R Petroleum, a wholly-owned subsidiary of 3R Petroleum e Participacoes. The agreement was for US$ 191.1 million, to be paid in two installments. US$ 48 million was due at the signing in August 2019 and US$ 143.1 million at the close of the transaction after approval by the ANP. The blocks and fields involved are Aratum, Lagoa Aroeira, Macau, Porto Carao, Salina Cristal, Sanhacu and Serra. Petrobras has 100% in all these concessions except Sanhacu where it has 50% and partner Petrogal has the remaining 50%. Petrobras also noted the total oil and gas production in these fields is 5,800 boe/day at the time of the divestment agreement.Petrobras in mid-June 2018 noted the company had advanced to the binding phase for four of its onshore production complexes offered for divestment in northeastern Brazil. The Macau Group was included in this. Petrobras on 25 September 2017 began the launch process by publishing a teaser for the sale of five groups of onshore fields located in the Ceara, Sergipe and Rio Grande do Norte states and totaling 19 concessions. The fields for sale represented a part of the original Topazio project, which planned to divest 104 onshore blocks in nine production groups. Unlike the previous Topazio sales process, the current sales process was approved by the TCU court. <P />
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