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IS - Petrobras and Chevron to divest Papa Terra field off Brazil - February 2020
Petrobras and Chevron plan to sell their respective stakes in the Papa Terra deepwater field off Brazil in the Campos Basin. The Brazilian NOC is marketing its operated 62.5% WI while the US-based supermajor is placing its 37.5% WI on the chopping block. Papa Terra, which is within the BC-20 concession, started its operation in 2013 and reached peak production of 24,000 boe/d a year later. Average production last year was 17,300 boe/d. Chevron......
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