Page 12 - LatAmOil Week 46 2021

LatAmOil NEWS IN BRIEF LatAmOil

MIDSTREAM
Petrobras signs contract

with Potiguar E&P natural

gas flow and processing

Petrobras informs that it signed today with
Potiguar E&P, a subsidiary of PetroReconcavo,
contracts for the flow and processing of the nat-
ural gas produced onshore by Potiguar E&P in
the state of Rio Grande do Norte. The contracts
include the right of use of the Guamaré Natu-
ral Gas Flow System (SEG Guamaré), the use
of a natural gas processing plant in the UPGN
Guamaré, as well as the sale, by Potiguar E&P, of
natural gas condensate (C5+).
The agreement enables the market to be (CADE) and by the National Agency of Petro- for development of natural resource exploration
directly served by Potiguar E&P, which was the leum, Natural Gas and Biofuels (ANP). projects, particularly in mining.
winner in a public tender for gas supply made Until the precedent conditions are met and Petrobras, November 11 2021
by the Companhia Potiguar de Gás (Potigás) the transaction is closed, Petrobras will main-
and signed a two-year contract, with the sale of tain normal operation of the unit. After the clos-
236,000 cubic metres per day of natural gas as of ing, Petrobras will continue to support F&M SERVICES
January 1, 2022. Resources in the operations of SIX in order to
The signing of the contracts with Potiguar preserve the safety and operational continuity Aker Solutions to provide
E&P is another step towards the construction of for up to 15 months, under a transition contract.
an open, competitive and sustainable natural gas A lease agreement is also expected to be signed subsea production system
market. This measure is part of a set of actions between Petrobras and F&M Resources, which
that enable the diversification of players, result- will allow the continuity of research activities for Mero 4 offshore Brazil
ing in increased competition and the reduction developed by Petrobras in experimental plants
of Petrobras’ participation in all links of the nat- located on the asset. Aker Solutions has been awarded a substantial
ural gas chain, in compliance with the commit- The sale agreement foresees the continuity of contract by Petrobras to provide a subsea pro-
ments made to the Administrative Council for the fulfillment of the obligations established in duction system and related services for the Mero
Economic Defense (CADE) in July 2019. the existing agreements with the São Mateus do 4 project offshore Brazil.
Petrobras, November 16 2021 Sul City Hall. This is the fourth consecutive production
SIX is the third asset to have the purchase and system for the Mero field development, one of
sale agreement signed within the scope of the the largest oil discoveries in Brazil’s pre-salt area.
DOWNSTREAM commitment signed by Petrobras with CADE in The company will deliver a subsea produc-
June 2019 for the opening of the refining market tion system consisting of up to 13 vertical sub-
Petrobras signs contract in Brazil. This transaction is in line with Reso- sea trees designed for Brazil’s pre-salt, including
lution No. 9/2019 of the National Energy Policy subsea distribution units, subsea control mod-
for help with SIX sale Council, which established guidelines for the ules and master control station for control sys-
promotion of free competition in the refining tems and topside, and related tie-in equipment.
Petrobras informs that it signed today with activity in the country. Aker Solutions’ subsea manufacturing facility
Forbes & Manhattan Resources Inc. (F&M This disclosure to the market is in accord- in São José dos Pinhais, and its subsea services
Resources), a wholly owned subsidiary of Forbes ance with Petrobras’ internal rules and with the base in Rio das Ostras, will carry out the main
& Manhattan Inc. (F&M), a contract for the sale special regime for divestment of assets by fed- part of the work. The work starts immediately,
of the shares of the company that will own the eral mixed economy companies, provided for in with installation scheduled to take place between
Shale Industrialisation Unit (SIX), located in São Decree 9,188/2017. The transaction is aligned 2023 and 2025.
Mateus do Sul. with the portfolio management strategy and “We are pleased to be awarded another sub-
The sale price is $33mn, of which (i) $3mn the improvement of the company’s capital allo- sea production system contract by the Libra
will be paid on this date, with the signing of the cation, aiming at the maximisation of value and Consortium, which reinforces the long-stand-
contract, as a guarantee; and (ii) $30mn will be greater return to society. ing relationship between Petrobras and Aker
paid at the closing of the operation, subject to About SIX: SIX, located in the city of São Solutions. By executing and delivering this new
adjustments provided for in the contract. The Mateus do Sul, in the state of Paraná, has a shale important project, we are looking forward to
contract also foresees contingent payments processing capacity of 5,800 tonnes per day, supporting Petrobras’s ambition in the pre-salt
(earn out). focusing on the production of fuel oil, naphtha, region and contributing to the development
The transaction is subject to compliance with fuel gas, LPG and sulphur. of Brazil,” said Maria Peralta, executive vice
precedent conditions, such as approval by the About F&M: F&M is a privately-held Cana- president and head of Aker Solutions’ subsea
Administrative Council for Economic Defense dian holding company focused on investments business.

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