In a note, Petrobras states that the operation is in line with the strategy of portfolio optimization and the improvement of 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.
20220510155608 )POSA is a Petrobras company incorporated in Argentina, where it holds 14, 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 Internacional 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 20220510155608, POSA’s production was 1, 52 MM m³/d of natural gas and 0.7 thousand bpd of oil, condensate and gasoline.