Espirito Santo Oil & Natural Gas Yearbook 2021

84 ESPÍRITO SANTO OIL & NATURAL GAS YEARBOOK | 2021 CHAPTER 5 OPPORTUNITIES FOR ESPÍRITO SANTO 85 In addition to those, a total 6 ar- eas with marginal accumulations are under study in Espírito Santo. Among those: Barra do Ipiranga 43, Rio São Mateus Oeste, Mariricu Oeste, Nativo Oeste, Jacupemba and Rio Itaúnas Leste, both locat- ed between the municipalities of Conceição da Barra, São Mateus, Jaguaré and Linhares. These areas were under concession of Petro- bras and were returned to the ANP in 201944. The areas and the poten- tial of oil and natural gas reserves are detailed in figure 8. 5.3. Petrobras' Divestment Plan Since 2015, Petrobras began the process of selling a group of as- sets relative to the exploration and production of oil and natural gas. The company's Divestment Plan aims at reducing the company's debt and maximizing investments in assets with greater profitability, focused on operations, for exam- ple, in exploration and production of oil and natural gas in deep and ultra-deep waters. Figure 7 - Areas with marginal accumulations under study for Permanent Offer Rio Itaúnas Leste Volume 'in place' Oil: 0.27 million m3 Gas: 51.66 million m3 Rio São Mateus Oeste Volume 'in place' Oil: 0.27 million m3 Gas: 66.18 million m3 Mariricu Oeste Volume 'in place' Oil: 0.72 million m3 Gas: 19.84 million m3 Nativo Oeste Volume 'in place' Oil: 7.71 million m³ Gas: 131.14 million m3 Barra do Ipiranga e Rio Barra Seca Volume 'in place' Oil: 0.90 million m3 Gas: 3,300.55 million m3 Jacupemba Volume 'in place' Oil: 1.51 million m3 Gas: 70.47 million m3 0 25 50 km - *Volume in place is the estimated total amount of hydrocarbon present in the field. Source: ANP based on Petrobras reports | Prepared by: Ideies/Findes H Finally, 11 exploratory blocks locat- ed between the Campos and San- tos basins are being offered under the sharing regime for the Perma- nent Offer. These are: Turmalina, Jade, AGATA, Tupinambá, Água- Marinha, Esmeralda, Bumerangue, Itaimbezinho, Norte de Brava, Su- doeste de Sagitário and Cruzeiro do Sul. The Turmalina area borders | Marginal Fields under study Fields in production | Exploratory blocks under concession UPGN Transportation Gas Pipeline Outflow Gas Pipeline the State of Espírito Santo. To ob- tain additional substantiation on the pre-bidding Regulations and production contract drafts referring to the areas described above, ANP will hold a public hearing in March 2022, regarding the offer of these areas under the sharing regime for the Permanent Offer. 50 areas were offered in Espíri- to Santo, with 68.0% having their sale completed 13 offshore areas were offered in Espírito Santo, with 15.4% having their sale completed 37 onshore areas were offered in Espírito Santo, with 86.5% having their sale completed In total, 50 areas were offered in Espírito Santo with 68.0% of the assets sold. On offshore, 13 areas were offered with 15.4% of the as- sets sold and as for onshore, 37 areas were offered with 86.5% of the assets sold. Table 1 lists the assets and status of each project. Petrobras has already sold 32 fields and 3 exploratory blocks in Espírito Santo. Karavan O&G ac- quired 27 fields at Polo Cricaré. Imetame Energia acquired Polo Lagoa Parda, which has 3 fields, all in the northern portion of the State. Cowan Petróleo e Gás ac- quired Petrobras' stakes in the ES- T-506 and ES-T-516 exploratory blocks. Finally, 3R Petroleum ac- quired the Peroá cluster, compris- ing two fields (Cangoá and Peroá) and the exploratory block B-M-21, which houses the Malombe natu- ral gas discovery. Petrobras is negotiating with the Seacrest Capital Group the sale of Fazenda Alegre, Cancã, Cancã Leste, Fazenda São Rafael and Fazenda Santa Luzia fields (all in production). In addition to these, the company is negotiating with BW Offshore the sale of its stakes in Polo Golfinho and in the ES-M- 525 block (BM-ES-23). As for the binding phase, there are seven areas. Among them, Polo Camarupim, formed by the Ca- 43. The Rio Barra Seca field was incorporated into Barra do Ipiranga. 44. In 2019, the ANP Board of Directors determined, through Board Resolu- tion 0254/2019, the termination of the concession process for 8 Petrobras fields, 7 of which are located in Espírito Santo Basin. The recovery of these marupim and Camarupim Norte fields. The offer contains the full transfer of operations, including all existing wells and facilities. The area has 10 wells drilled and 2 producing wells. The volume of the field corresponds to 9.1 billion cubic meters (Mm³) of natural gas and 9.5 million cubic meters (Mm³) of oil, according to 2015 estimates. The Camarupim Norte field has 7 wells drilled and 1 well in production. Petrobras' participation in 5 ex- ploratory blocks is also for sale. The ES-M-596, ES-M-598, ES- M-671, ES-M-673 and ES-M-743 blocks have between 40% and 50% interest held by Petrobras areas by the agency took place because Petrobras did not resume produc- tion, which had been stopped for more than six months, nor transferred the rights of these fields within the period determined by the ANP notification (twelve months).

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