Page 16 - LatAmOil Week 30 2022

LatAmOil NEWS IN BRIEF LatAmOil

Petrobras commits to invest approximately Concordia to continue providing gangway con-
GOGEC unhappy with GAWU BRL1bn in local content by December 31, 2026, nected operations through September 2022 at
in accordance with the provisions of ANP Res-
Cassia C offshore Trinidad.
and OTWU memorandum of olution 848/2021. With this, all administrative approximately $3.5mn.
Total value of the contract extensions is
proceedings related to the collection of fines aris-
understanding ing from non-compliance with local content in Prosafe is a leading owner and operator of
these concessions will be terminated, resulting semi-submersible accommodation vessels. The
The president of the Guyana Oil and Gas Energy in a reduction in the liability of BRL639mn in company is listed on the Oslo Stock Exchange
Chamber (GOGEC), Manniram Prashad notes the financial statements of June 30, 2022, which with ticker code PRS.
with concern an MoU signed between Guy- will be disclosed to the market on July 28, 2022. Prosafe SE, July 26 2022
ana Agricultural and General Workers Union The commitments of acquisition of goods
(GAWU) and Oilfield Workers Union (OWTU) and services of the TAC proposal are concen- AKOFS Offshore AS signs
of Trinidad and Tobago “to properly bargain for trated in the activities of exploration and devel-
the fair treatment of workers and apply pressure opment of production in areas of Round Zero, contract for Aker Wayfarer
for workers’ rights in Guyana.” whose contracts do not establish minimum per-
GOGEC has always advocated for Guyanese centages of local content. The signature of the AKOFS Offshore AS has now signed a firm con-
workers doing the same job as expatriates to be TAC does not alter the investments foreseen in tract for its vessel Aker Wayfarer that will con-
paid similar wages. the Strategic Plan 2022-2026, disclosed by Petro- tinue to perform services as a subsea equipment
We respect good industrial relations and are bras on November 24, 2021, and is in line with support vessel (SESV) for Petrobras as client in
at the forefront to ensure that we have a healthy the strategy of generating value by managing the Brazil.
industrial climate. Company’s liabilities and improving its capital The duration of the contract is approximately
It is unfortunate that GAWU feels that for- allocation. 4 years, and the services will commence in first
eign intervention is needed to represent oil and Petrobras, July 27 2022 half of 2023. AKOFS Offshore will be perform-
gas workers who are attempting to get unionised. ing the Aker Wayfarer operations jointly with its
GOGEC is of the view that we have good partners Bravante for marine services and Ocea-
industrial practices in the oil and gas sector, in PROJECTS & COMPANIES neering for ROV services.
which the Ministry of Labour has been moni- Total contract value is about $282mn, of
toring closely and quite effectively. BW Offshore transfers which about $198mn will be revenue allocated
In Trinidad and Tobago, Petrotrin experi- to AKOFS Offshore and included in the compa-
enced a series of strikes, protection actions and ownership and operation ny’s backlog.
marches. Petrotrin was forced to close in 2008. “We are pleased with the opportunity to
The OWTU lost a significant amount of its of FPSO Yùum K’ak’náab provide advanced services to Petrobras. We
membership. welcome Bravante to the ‘OneTeam,’ as we con-
We have a relatively stable industrial climate over to Pemex tinue to build on the impressive Aker Wayfarer
in the oil and gas sector in Guyana and we want track record,” says Geir Sjøberg, CEO of AKOFS
it to remain that way. GOGEC is urging GAWU BW Offshore Ltd today announces that, with Offshore.
to reconsider its decision to bring in a foreign effect from July 22, 2022, Pemex has assumed AKOFS Offshore, July 25 2022
union and to seek help from other trade unions the ownership and operation of the FPSO Yùum
and experience trade unionists in Guyana in K’ak’náab in accordance with the terms of the Rockhopper announces
which there is abundance. 15-year FPSO financial lease contract that com-
GOGEC, July 27 2022 menced in 2007. Following the transfer, BW update on Sea Lion project
Offshore has no obligation to provide further
Petrobras approves operational services to Pemex. AIM-listed Rockhopper Exploration, the oil
About BW Offshore: BW Offshore engineers and gas exploration and production company
conduct adjustment innovative floating production solutions. The with key interests in the North Falkland Basin,
Company has a fleet of 10 FPSOs with poten-
has announced that all regulatory consents
agreement with ANP tial and ambition to grow. By leveraging four required for the transaction between the Com-
decades of offshore operations and project exe-
pany, Harbour Energy and Navitas Petroleum
Petrobras, informs that it approved today the cution, the Company creates tailored offshore as announced on April 19, 2022, which involves
execution, with the National Agency of Petro- energy solutions for evolving markets world- Harbour exiting and Navitas entering the North
leum, Natural Gas and Biofuels (ANP), of a wide. BW Offshore has around 2,000 employees Falkland Basin, have been received from both
Conduct Adjustment Agreement (TAC) for and is publicly listed on the Oslo Stock Exchange. the Falkland Islands Government (FIG) and the
compensation of local content fines related to 22 BW Offshore, July 24 2022 UK Secretary of State.
concessions in which Petrobras has 100% work- As part of the Transaction, FIG has agreed
ing interest, located in the Barreirinhas, Campos, Prosafe SE secures to grant a two-year licence extension to all the
Espírito Santo, Parecis, Potiguar, Recôncavo, licences held by Rockhopper in the North Falk-
Santos, Sergipe-Alagoas and Solimões basins. contract extension land Basin. Accordingly, the licences will now
The TAC provides for the conversion of fines run until November 1, 2024.
for non-compliance with the local content clause for Safe Concordia The Transaction remains subject to certain
of these 22 concessions into commitments of other conditions but is expected to formally
investments in Exploration and Production with BP Trinidad and Tobago LLC (bpTT) has complete during Q3-2022.
local content. Under the terms of the agreement, exercised all four weeks of options for the Safe Rockhopper Exploration, July 26 2022

P16 www. NEWSBASE .com Week 30 27•July•2022