Page 11 - LatAmOil Week 22 2021

LatAmOil SURINAME LatAmOil

Staatsolie supplying ULSD for

TotalEnergies’ work at Block 58

SURINAME’S national oil company (NOC) offshore activities,” the company said. “On 7 and
Staatsolie said last week that it had signed a 8 May, we delivered 3,600 barrels of ULSD to the
fuel supply agreement with the French major Bourbon Topaz. Staatsolie and Total have signed
TotalEnergies, formerly known as Total. a long-term supply contract for monthly ULSD
In a statement, Staatsolie explained that it deliveries.”
had agreed to supply TotalEnergies with ultra- Staatsolie indicated that it was interesting
low-sulphur diesel (ULSD) to support offshore in signing similar supply contracts with other
operations. The French company is using the companies working in Suriname’s offshore zone.
ULSD to fuel the Bourbon Topaz, a tug and “This is a great opportunity to increase the use of
support vessel owned by Norway’s Bourbon our fuel offshore,” it commented.
Offshore, for work at the Block 58 licence areas, TotalEnergies is the operator of Block 58,
it noted. located in a deepwater section of the Guy-
The NOC did not reveal the value of the con- ana-Suriname basin. Equity in the project is split
tract or specify how much diesel it had pledged 50:50 between the French major and US-based
to supply to Total. It did say, though, that it was APA, the parent company of Apache. The part-
slated to make deliveries on a monthly basis and ners have already discovered four oilfields at the
had completed the first shipment in early May. block – Maka Central, Sapakara, Kwaskwasi and
“As of this month, [TotalEnergies] uses our Keskesi. Their next target is the Bonboni section
ultra-low-sulphur diesel (ULSD) in its Suriname of the licence area. ™

BRAZIL
Equinor makes FID on Bacalhau project

EQUINOR (Norway) and its partners have
made a final investment decision (FID) on the
development of Bacalhau, an offshore oilfield in
the pre-salt zone of the Santos basin.
The company announced the FID in a state-
ment on June 1, explaining that the decision laid
the foundation for the first phase of develop-
ment work at Bacalhau. The Norwegian major
will be joining with ExxonMobil (US), Petrogal
(Portugal) and the state-owned Brazilian com-
pany Pré-sal Petróleo SA (PPSA) for the project,
which is expected to carry a price tag of around
$8bn.
Brazil’s National Agency of Petroleum,
Natural Gas and Biofuels (ANP) has already
approved the partners’ development plan, which
calls for Bacalhau to begin production in 2024.
Under the plan, Equinor will drill 19 wells at the Bacalhau is in the pre-salt zone of the offshore Santos basin (Image: Equinor)
field and tie them back into a floating produc-
tion, storage and off-loading (FPSO) unit. The FID. “Bacalhau is an important step towards the
vessel will be able to store 2mn barrels of crude realisation of our strategic ambition to deepen
oil and produce 220,000 barrels per day (bpd). It our presence in Brazil,” she said. “It is also an
will off-load the oil to shuttle tankers, after sepa- important project for the country, as it repre-
rating it from associated gas that will be injected sents significant investments, ripple effects in
back into the reservoir. the supply chain and local job creation.”
Veronica Coelho, Equinor’s country man- Eduardo Gerk, the president-director of
ager in Brazil, expressed satisfaction with the PPSA, also hailed the investment decision.

Week 22 03•June•2021 www. NEWSBASE .com P11