Page 13 - LatAmOil Week 04 2021

LatAmOil NEWS IN BRIEF LatAmOil

SERVICES Bacalhau project, operated by Equinor and gasoline and diesel. We are prepared to supply
located 185 km (115 miles) off the coast of São our full range of products and services for this
Petrobras recognises Paulo in Brazil. Discovered in 2012, the Bacalhau plant,” shared Fernando Cadena, Senior Com-
oilfield is located in the pre-salt area of the Santos mercial Director at Tenaris in Mexico.
Tenaris with supplier award Basin at a depth of approximately 2,050 metres provision of pipes and accessories from Tenaris’s
The agreement with Samsung includes the
(6,725 feet).
Petrobras has recognised Tenaris among its best The agreement includes the provision of 75 mills in Mexico, Italy, Argentina and Romania. It
suppliers under the “steel pipes, connection, km of seamless pipes for risers and flowlines also enables the company to continue supplying
installation and maintenance” category for its that will be manufactured at Dalmine, Tenaris’s products for the next phases of the Dos Bocas
collaboration in 2019. seamless pipe mill in Italy. After production, Refinery project.
The award, announced in December 2020, tubes will be mechanically lined with CRA mate- Tenaris, January 22 2021
distinguishes companies that have had a relevant rial, engineered to improve corrosion resistance.
participation in delivering products and services The agreement also includes anticorrosive
for Petrobras. “Each year, we recognise the com- and thermal insulation coating for 151 km of PERFORMANCE
mitment of partnering companies to the pursuit pipes to be performed at Confab, Tenaris’s pro-
of excellence and in alignment with the values duction facility in Pindamonhangaba, Brazil. Petrobras discloses proved
of our company,” said Rodrigo Ugarte, Supply A 3LPP anticorrosive coating will be applied to
Chain Executive Manager at Petrobras in a press 81 km, while TenCoat™️ Marine 5LPP Syntactic reserves in 2020
release from the company. thermal insulation will be applied to 70 km.
“In addition to the long-term agreements “This project is a great example of the world- Petrobras has disclosed its proved reserves of
executed throughout 2019, all the contracts class start to finish solutions Tenaris is capable oil, condensate and natural gas, according to
performed with Petrobras completed during of providing to our customers. We have been SEC (US Securities and Exchange Commission)
2019 were crucial for winning this award, since chosen by Subsea 7 to support them with seam- regulation, estimated at 8.816bn barrels of oil
on-time delivery is one of the main points con- less pipes, coating, logistics, storage and project equivalent (boe), as of December 31, 2020. Oil
sidered,” said Renato Catallini, Tenaris President management, also covering the relationship with and condensate, and natural gas correspond to
in Brazil. other suppliers,” says Renato Catallini, Tenaris 86% and 14% of this total respectively.
During 2019, Tenaris delivered conductor President in Brazil. In 2020, Petrobras booked new reserves
casing pipes with BlueDock® connectors for pre- Tenaris, January 25 2021 related to the approval of new projects and the
salt projects, along with Rig Direct® services, good performance of reservoirs, especially in
including demand planning, rig returns and field Tenaris and Samsung close Santos Basin pre-salt, resulting in an appropria-
services for offshore applications, and casings for tion equivalent to 101% of the year’s production.
onshore wells. agreement for Dos Bocas This effect was partially offset by the reduction of
“It is an honor to be recognised as a partner oil prices by 32% in 2020, used as future prices,
that generates real value for Petrobras. I want to Refinery in Mexico according to SEC regulation.
congratulate our entire team for such an impor- Considering positive and negative effects on
tant achievement,” added Catallini. Representatives from Samsung Engineering vis- our reserves, and disregarding the reduction due
This is the second consecutive year that ited Tamsa, Tenaris’s seamless mill in Veracruz, to assets sold, the reserves replacement was 29%
Tenaris has received the supplier recognition Mexico, as part of an agreement for the supply of 2020 production.
from Petrobras, which launched the awards pro- of coated tubes for the second phase of the Dos Asset sales in 2020 are aligned with the max-
gramme in 2018. Bocas Refinery, Mexico’s largest hydrocarbon imisation of portfolio value, focused on world-
Tenaris, January 18 2021 processing project. class deepwater and ultra-deepwater assets, and
During the visit, which was carried out fol- their impact was not relevant to the total volume
Tenaris to supply Subsea lowing COVID-19 protocols, representatives of reserves.
The 2020 reserves still do not consider new
from Samsung Engineering learned about the
7 with coated risers and industrial capabilities of the Tamsa mill, where projects to be implemented as the result of the
pipes and accessories for the Dos Bocas Refinery acquisition of the Transfer of Rights Surplus.
flowlines for Brazil’s will be manufactured. Extensive documentation, These volumes will be considered after signing
the co-participation agreements for Búzios and
as well as color-coded striping and special pack-
Bacalhau offshore field aging, were required by the customer, adding Itapu fields.
The R/P ratio (ratio between proved reserves
challenges throughout the manufacturing and
Tenaris and Subsea 7 have signed an agreement delivery process. and production) is 9.6 years.
for the supply of pipes and coating services for The Dos Bocas Refinery is a project which Petrobras historically submits at least 90% of
is being developed by Pemex Transformación its proved reserves to independent evaluation
Industrial, the downstream arm of Pemex. according to SEC definitions. Currently, this
Expected to be completed in 2023, the refinery evaluation is conducted by DeGolyer and Mac-
will consist of 17 operating process plants, a Naughton (D&M).
power and auxiliary services unit, cooling tow- Petrobras also estimates reserves according to
ers and a section of water treatment plants with the ANP/SPE (National Agency of Petroleum,
a capacity of around 340,000 barrels of crude per Natural Gas and Biofuels / Society of Petroleum
day. Engineers) definitions. On December 31, 2020,
“This project is designed to help the coun- proved reserves according to those definitions
try achieve self-sufficiency in the production of reached 9.427bn barrels of oil equivalent.

Week 04 28•January•2021 www. NEWSBASE .com P13