Page 12 - LatAmOil Week 05 2020
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“We are very pleased to update our investors with news of the maiden dividend from our Nigerian asset, less than a month after clos- ing the acquisition of a 50% shareholding in POGBV,” he said. “We plan to release our 2020 guidance, including an estimate of cash ows nettoourinterestinPOGBV,withourfull-year results on or about February 28, 2020, and to le the statement of reserves e ective year-end 2019 by March 31, 2020.”
BTG Pactual, a Brazilian nancial company, is the parent organisation of BTG Pactual E&P BV, which owns the remaining 50% of POGBV.
e latter company has an indirect 8% stake in OML 127, a licence area in Nigeria’s o shore zone, and an indirect 16% interest in OML 130, another offshore Nigerian asset. OML 127, which is being developed by a consortium led by Chevron (US), contains Agbami, a produc- ing oil eld. Total (France) operates OML 130, which contains the producing Akpo and Egina elds. Together, these two blocks yielded about 442,000 barrels per day (bpd) of oil in 2019.
Africa Oil’s purchase of the POGBV stake marked the end of Petrobras’ involvement in Africa’s oil and gas sphere..
Lithuanian firm to operate LNG import terminal in Brazil
LITHUANIAN oil and gas company Klaipedos Na a has been contracted to operate an LNG gas terminal in Açu, Brazil, the company said on February 3.
e contract utilises Klaipedos Na a’s expe- rience gained from operating an LNG terminal in the Lithuanian port of Klaipeda that became a key element of the Baltic state’s reduction of its dependence on politically charged supplies of Russian gas.
The terminal in Açu is an LNG-to-power project, the largest of its kind in South America, Klaipdeos Na a said. e project includes two natural gas- red power plants with a combined capacity of 3 GW and the LNG import terminal with a regasi cation capacity of 21,000 cubic metres a day.
e project also features a oating storage regasi cation unit (FSRU) with a storage capac- ity of 170,000 cubic metres.
Supplies of LNG to the terminal will be the responsibility of BP, which is one of the share- holders of Gas Natural Açu (GNA), the termi- nal’s investor. Other companies with stakes in GNA are Prumo Logistica and Siemens.
The initial term of the agreement is for a 13-year operational period following the com- pletion of the terminal and this can be extended upon mutual agreement. e terminal in Açu is due to start operations later this year.
e Brazilian contract is not Klaipedos Naf- ta’s rst in South America. e company sup- ported the construction and commissioning of an LNG terminal in the port of Cartagena, Colombia, in 2015-2016.
A Klaipedos Na a team provided advisory services concerning technical conditions of the port and terminal operations, risk and security management, as well as training of key special- ists.
The terminal receives LNG via an FSRU vessel (Photo: GNA)
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