Petrobras announced this Friday (14) that it has started the stage of disclosing the opportunity related to the sale of 100% of its equity interest in Petrobras Operaciones SA (POSA), a wholly-owned subsidiary of Petrobras in Argentina and holder of a stake of 33.6 % in the Rio Neuquén Field. According to the oil company, the main subsequent stages of the project will be informed in due course to the market.
In a statement, Petrobras states that the operation is in line with the strategy of optimizing the portfolio and improving the company’s capital allocation, aiming at maximizing value and greater return to society. Operations in the neighboring country are concentrated in oil and gas fields.
POSA is a Petrobras company incorporated in Argentina, where it holds a 33.6% interest in the Rio Neuquén field, located in the provinces of Rio Neuquén and Rio Negro, which is its only asset in the country. The Brazilian oil company has a stake in POSA through its subsidiaries PIB BV (Petrobras International Braspetro BV), with 95%, and PVIE (Petrobras Valores Internacionais de España), with 5%.
The production of Rio Neuquén comes mainly from unconventional reservoirs (tight gas) in the Punta Rosada and Lajas formations. In September 2022, POSA’s production was 1.52 MM m³/d of natural gas and 0.7 thousand bpd of oil, condensate and gasoline.
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