Brazil’s Petrobras has announced the sale of a series of onshore producing fields in the Potiguar basin and launched a new divestment initiative covering shallow-water mature assets in the prolific Campos basin.

In a pair of statements late on Friday, Petrobras first disclosed it sold stakes at seven fields in Potiguar to local player 3R Petroleum for $191.1 million.

The so-called Macau cluster features 100% stakes in the Aratum, Macau, Serra, Salina Cristal, Lagoa Aroeira and Porto Carao fields, plus a 50% operating stake in the Sanhacu field.

The seven fields combined are currently producing about 5800 barrels of oil equivalent per day. The fields are estimated to hold 24.5 million boe in recoverable reserves.

3R Petroleum will make a $48 million payment upon signing the agreement and will disburse the other $143.1 million when the transaction closes.

Petrobras also issued a market teaser announcing the sale of 11 shallow-water fields in the Campos basin.

The Garoupa cluster comprises 100% stakes in the Anequim, Bagre, Cherne, Congro, Corvina, Malhado, Namorado, Parati, Garoupa, Garoupinha and Viola fields.

The package also includes five fixed platforms – PGP-1, PCH-1, PCH-2, PNA-1 and PNA-2 – and the P-09 semi-submersible production system installed across the cluster, as well as oil exporting pipelines to the Barra do Furado region.

Petrobras said the fields produced on average 19,600 boe per day in the last 12 months and noted multiple recovery initiatives can be implemented to enhance output.

Companies have until 23 August to express interest in participating in the process, and until 30 August to sign non-disclosure agreements. Bank of America Merrill Lynch is overseeing the operation.

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Petrobras sells onshore fields, targets shallow-water sales