Page 16 - LatAmOil Week 05 2020

LatAmOil
NEWS IN BRIEF
LatAmOil
e above companies entered into related agree- ments on January 30, 2020.
Based on these agreements, Mitsui, MOL and Marubeni will invest in Marlim1 MV33 BV (MV33), a Dutch company established by MODEC, and the Companies will proceed with the Project jointly. MV33 has received a Letter of Intent for a long-term charter agreement for the deployment of the FPSO in October 2019 from Petróleo Brasileiro SA (Petrobras), the Brazilian state oil company. e FPSO will be chartered for 25 years under this charter agreement.
e FPSO will be named FPSO Anita Gari- baldi MV33 and will be deployed at the Marlim eld situated in the Campos Basin. e eld is located approximately 150 kilometres from Rio de Janeiro, in the southeast coast of Brazil. FPSO will be moored in approximately 670 metres water depth, in the year of 2022.
The Project is the eighth occasion under which the Companies have collaborated to oper- ate FPSOs in Brazil.
MODEC, January 30 2020
INVESTMENT
Petrobras releases
teaser for blocks in
Pará-Maranhão Basin
Petrobras reports that it has started the oppor- tunity disclosure stage (teaser), referring to the sale of part of its equity interest in explor- atory blocks, belonging to the BM-PAMA-3 and BM-PAMA-8 concessions, located in the Pará-Maranhão Basin.
Petrobras is the operator of the blocks, with 100% stake in the BM-PAMA-3 concession and 80% stake in the BM-PAMA-8 conces- sion, in partnership with Sinopec Exploration and Production Brazil (Sinopec), which holds the remaining 20%. e divestment will be up to 50% in the BM-PAMA-3 concession and up to 40% in the BM-PAMA-8 concession. Sin- opec may exercise its pre-emptive right in the BM-PAMA-8 concession to acquire Petrobras’ stake.
e teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available on the Petrobras website.
BM-PAMA-3 concession is from the 3rd ANP Bid Round and is currently in the Appraisal Phase, due to the discovery made in well 1-BRSA-903-PAS (Harpia). BM-PAMA-8
concession, which comprises the PAMA-M-192 and PAMA-M-194 blocks, was acquired in the 6th ANP Bid Round. It currently belongs to the consortium formed by Petrobras (opera- tor - 80%) and Sinopec (20%) and is in the 2nd Exploratory Period.
e concessions present a reduced explor- atory commitment with the potential to prove signi cant volumes and establish position in a new frontier area.
Petrobras, February 3 2020
Petrobras releases
teaser for E&P in
Campos Basin
Petrobras reports that it has started the oppor- tunity disclosure stage (teaser), referring to the sale of its entire stake of the Papa-terra eld, located in deepwater in the Campos Basin. e teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available on the Petrobras website.
Papa-terra field is part of the BC-20 con- cession and is located at a water depth of 1,200 metres. e eld started its operation in 2013 and its average oil and gas production in 2019 was 17,300 boe/day, through two platforms, P-61 type TLWP (Tension Leg Wellhead Platform) and P-63 type FPSO (Floating Production Stor- age and O oading) where the entire production is processed. A Tender Assist Drilling (TAD) rig, through a charter contract, is installed along with P-61.
Petrobras is the operator of the eld, with 62.5% stake, in partnership with Chevron, which holds the remaining 37.5%.
Petrobras, February 3 2020
MOVES
Mexico Pacific Ltd
Names Douglas Shanda
as President and Chief
Executive Officer
Mexico Paci c Ltd (MPL), a Paci c Coast LNG project based in Mexico, announced today that its Board of Directors has named Douglas Shanda as President and Chief Executive O cer, e ective immediately.
“We are delighted to welcome Doug to the MPL team,” said Page Maxson, Chairman of MPL. “Doug brings extensive LNG project development, construction and operations experience from senior leadership positions at some of the most prestigious North and South American LNG companies. His depth of expe- rience and proven leadership capabilities will further accelerate MPL’s trajectory through FID into the construction and commencement of operations.”
“MPL is on track to become the leading Paci c Coast provider of North American LNG,” said Shanda. “With major permitting completed for 12mn tpy, the project o ers substantial cost advantages, as it bene ts from existing pipeline access to abundant and low cost natural gas sup- ply and lower shipping costs to South America and Asia due to its West Coast location. I look forward to working in Houston with the talented MPL team as we prepare to take FID and com- mence construction.”
MPL is a North American Pacific coast LNG project with substantial cost and logistical advantages achieved by connecting the proli c Permian gas basin in the United States to Asian markets.
MPL’s facility will be constructed by a world- class EPC contractor using proven equipment supplied by Baker Hughes. MPL will build its 12mn tpy facility on a 1,100-acre site it owns in Puerto Libertad in Sonora, Mexico, roughly 125 miles south of the Arizona border. MPL is backed by AVAIO Capital.
Mexico Paci c Ltd, February 3 2020
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Week 05 05•February•2020