Page 15 - LatAmOil Week 44 2022

LatAmOil NEWS IN BRIEF LatAmOil

The compensation arises from Petrobras day and water injection capacity of 350,000 bpd.
Petrobras reports on being a victim in the crimes investigated in Car The FPSO will be installed in a water depth
Wash Operation. The Company has adopted of about 2,000 metres, using a SOFEC Spread
payments received under the appropriate measures in search of adequate Mooring System and will be able to store around
compensation for the losses that were caused. 2mn barrels of crude oil.
leniency agreements Petrobras is a co-defendant of the Federal Pros- ”We are extremely honored and proud to
ecutor’s Office and the Federal Government in be selected to provide the FEED services for an
Petrobras informs that it received, over the last 32 ongoing administrative improbity actions, FPSO for the Uaru project,” commented Takeshi
quarter, the devolution of about BRL439mn, in addition to being an assistant prosecutor in Kanamori, President and CEO of MODEC. “We
recovered through leniency agreements with 90 criminal actions related to the crimes investi- are equally proud of our robust track record of
Camargo Corrêa, Novonor (formerly known as gated by Car Wash Operation. successful project deliveries in the South Amer-
Odebrecht) and SBM, as well as Pedro Barusco’s Petrobras, November 1 2022 ica region, and we look forward to co-operating
collaboration agreement. closely with the client and its partners to make
With these devolutions, the total amount of this project a success.”
funds transferred to Petrobras’ coffers (includ- PROJECTS & COMPANIES The FPSO will be MODEC’s first for use in
ing subsidiaries), as a result of collaboration, Guyana, however it will be the 18th FPSO/FSO
leniency, and repatriation agreements, exceeded MODEC awarded vessel delivered by MODEC for use in South
BRL6.7bn. America.
In October, Camargo Corrêa returned FEED contract for MODEC, November 1 2022
BRL235.6mn to Petrobras and another
BRL6.9mn to Transpetro, a subsidiary of the ExxonMobil’s Uaru FPSO Petrobras reports on
Company contemplated in the same leniency
agreement, in addition to BRL88mn already MODEC has signed a contract to perform Front discovery at Aram block
received previously, which represent some of End Engineering and Design (FEED) for a Float-
the portions of the total amount to be returned. ing Production, Storage and Offloading vessel Petrobras, following up on the release disclosed
Novonor, in turn, paid BRL71.3mn to Petro- (FPSO) for the Uaru development project. The on November 19, 2021, informs that the drill-
bras and another BRL728,000 to Transpetro, rep- FEED contract award relates to the initial fund- stem test in the wildcat well 1-BRSA-1381-SPS
resenting part of the total amount to be returned, ing by ExxonMobil’s subsidiary, Esso Explo- (Curaçao), located in the Pre-salt section in the
which is to be paid in 22 annual installments. ration and Production Guyana Ltd (EEPGL), southwestern portion of the Santos Basin, has
The leniency agreements with Camargo Cor- to begin FEED activities related to the FPSO been successfully completed. The discovery in
rêa and Novonor were signed with the Federal design and to secure the second M350TM hull the Aram Block is located 240 km from the city
Prosecutor’s Office (MPF), as well as with the for FPSO service. of Santos, State of São Paulo, under a water depth
Office of the Comptroller General (CGU) and Following FEED and subject to government of 1,905 metres.
the Federal Attorney General’s Office (AGU). approvals in Guyana of the development plan, The drill-stem test (DST) investigated a thick
SBM returned to Petrobras BRL113.7mn project sanction including final investment interval of petroleum-bearing Pre-salt car-
between August and October 2022. Approx- decision by ExxonMobil, and EEPGL’s release bonates, whose productivity was evaluated by
imately BRL48.7mn were paid directly to of the second phase (EPCI) of work, MODEC dynamic production data. Oil samples were col-
the Company and another BRL64.9mn were is expected to construct the FPSO and install in lected during the DST to be further character-
deducted from payments owed by Petrobras to Guyana. MODEC is also anticipated to operate ised by laboratory analyses. This DST operation
SBM as a result of contracts in force for the char- the FPSO for an initial duration of 10 years, with performed around 6 months after the conclusion
tering of platforms and provision of services. potential options for continuation. of the wildcat well 1-BRSA-1381-SPS in January
SBM’s leniency agreement was entered into in MODEC will design and construct the FPSO 2022 complements its evaluation undertaken
2018 with Petrobras, in addition to CGU and based on its M350 new-build design. Uaru will previously with logs.
AGU. Excluding the amounts reimbursed in be the second M350 hull used for FPSO service. These results are the product of a strategy set
this last quarter, approximately BRL1.1bn have The FPSO will be designed to produce 250,000 out by the consortium aiming at maximising the
already been returned by SBM to Petrobras as a barrels per day (bpd) of oil, will have associated use of data in the application of new technologi-
result of the agreement. gas treatment capacity of 540mn cubic feet per cal solutions, thus allowing real-time processing
of acquired data and safe, agile decision-making.
The consortium will pursue its activities in the
Aram Block with the objective of further assess-
ing the dimensions and commerciality of this
accumulation.
The Aram Block was acquired in March
2020, in the 6th Bid Round of Production Shar-
ing Blocks promoted by the Brazilian National
Agency for Petroleum, Natural Gas and Bio-
fuels (ANP), with management by Pré-Sal
Petróleo SA (PPSA) on behalf of the Brazilian
government.
Petrobras operates the block with an 80%
share, with CNPC as partner (20%).
Petrobras, October 28 2022

Week 44 02•November•2022 www. NEWSBASE .com P15