Page 22 - LatAmOil Week 01 2021

LatAmOil NEWS IN BRIEF LatAmOil

After 70 days of production, the cumulative of each anticipated in the third week of January interest, by its wholly-owned subsidiary Petro-
production on a normalised basis of the MDM- 2021. Each well will take approximately 5 weeks bras Netherlands (PNBV) and the payment of
2026h and MDM-2028h wells was 29% and 26% to drill and test. approximately $ 33mn, plus interest, by the sub-
above Vista’s type curve, respectively. Peak IP-30 Canacol is a natural gas exploration and pro- sidiary Tupi (67.589% share of PNBV).
was 1,989 bpd of crude oil (2,187 boepd) for duction company with operations focused in The arbitration, which runs under confiden-
MDM-2026h and 2,244 bpd of crude oil (2,453 Colombia. tiality, was related to an Engineering Procure-
boepd) for MDM-2028h. The Corporation’s common stock trades on ment and Construction (EPC) contract for the
In pad #5 we landed two wells in La Cocina the Toronto Stock Exchange, the OTCQX in construction of platform (FPSO) modules.
and 2 wells in the Orgánico, with an average the United States of America, and the Colom- The amount related to PNBV was provisioned
horizontal length of 2,444 metres and a total of bia Stock Exchange under ticker symbol CNE, by the subsidiary and is reflected in Petrobras’
196 completion stages. We completed pad #5 CNNEF, and CNE.C, respectively. financial statements for the third quarter of 2020.
with an average of 8.5 stages per day, allowing Canacol Energy, January 04 2021 The amount related to the participation in Tupi
us to tie-in the 4 wells of the pad ahead of the will be provisioned and recognised in Petrobras’
original schedule, between November 28 and consolidated results for the 4th quarter of 2020.
December 2. SERVICES Petrobras, January 04 2021
The successful results of pad #4 and the early
tie-in of pad #5 drove the production recovery PGS delivers final products
that began late in September 2020. Vista’s pro- INVESTMENT
duction averaged approximately 30,600 boepd for Santos Vision
in Q4-2020, a 20% increase compared to the Petrobras starts non-
average production of the previous quarter. The PGS has completed the final phase of its San-
year-end exit rate for the year 2020 was approxi- tos Vision MultiClient seismic data revitalisa- binding phase of Bahia
mately 35,000 boepd. tion project. The latest data covers areas to be
Vista Oil & Gas, January 06 2021 included in the Brazil Transfer of Rights Round Terra Cluster
in 2021.
Touchstone announces 13 separate surveys have now been reprocessed on November 4, 2020, has announced the begin-
Nearly 49 000 square km of seismic data from Petrobras, following up on the release disclosed
extension of lease into a single, seamless, high-quality broadband ning of the non-binding phase, referring to the
product, providing the most comprehensive and sale of all of its stakes in a set of 28 onshore
operatorship agreements geologically sound dataset in the Santos Basin. production field concessions, with integrated
Santos Vision provides the data oil and gas facilities, located in the Recôncavo and Tucano
Touchstone Exploration has announced that it companies need to screen opportunities, derive Basins, in different municipalities of the state of
has extended the term of its Lease Operatorship analogs, plan wells, and reduce exploration risk Bahia, jointly called the Bahia Terra Cluster.
Agreements (LOAs) with Heritage Petroleum with the very latest consistent-imaging tech- Potential buyers qualified for this phase will
Co. for its Coora-1, Coora-2, WD-4 and WD-8 nologies from PGS. The recent opening of the receive instructions on the divestment process,
blocks to March 31, 2021. pre-salt play fairway to unitisation and new bid including guidelines for the preparation and
The LOAs were originally set to expire on rounds makes this prolific basin once again an submission of non-binding proposals, as well
December 31, 2020, and have been extended area of industry interest. as access to a virtual data room containing addi-
under existing terms and conditions while Current producing acreage opportunities, tional information about the Cluster.
Touchstone and Heritage progress on negoti- that will be included in the next ANP Bidding The Bahia Terra Cluster comprises 28
ations regarding new ten-year LOAs for each Round for Surplus Volumes (Cessão Onerosa) in onshore production concessions, located in dif-
property. Q3-2021, are revealed in this release of the San- ferent municipalities of the state of Bahia, and
Touchstone Exploration, January 04 2021 tos Vision dataset. The Sepia and Atapu fields includes access to processing, logistics, storage,
will be among those auctioned. transportation and outflow infrastructure for oil
Canacol Energy the Santos Vision dataset provide new insights The Cluster has about 1,700 wells in oper-
The MultiClient products now available from and natural gas.
provides update on over these producing assets and other fields, ation, collection and treatment stations, oil
such as Lula, Sururu, Berbigao, and south Gato storage and handling facilities, gas and oil pipe-
gas sales and drilling do Mato. lines, as well as the natural gas processing unit
(NGPU) Catu and other infrastructure associ-
PGS, January 04 2021
Canacol Energy is pleased to provide the follow- ated with the Cluster’s production process.
ing information concerning its November and The average production of the Cluster from
December 2020 natural gas sales and a drilling LEGAL January to November 2020 was around 14,000
update. bpd of oil and 618,000 cubic metres per day of
Realised contractual natural gas sales (which Petrobras reports gas. Petrobras is the operator of these fields, with
are gas produced, delivered, and paid for) were 100% stake.
161mn cubic feet per day (4.56mn cubic metres) on arbitral award It is important to note that the concessions
for November and 175 mcf (4.96 mcm) per day corresponding to the Miranga Cluster (refer-
for December 2020. Petrobras informs that an arbitral panel seated enced in the releases of August 28, 2017) may be
The Corporation is currently mobilising in New York, has issued an award in an arbitra- included in the sale process of the Bahia Terra
the rigs to the Flauta 1 exploration and Oboe 2 tion initiated by IESA Óleo e Gás determining Cluster, which will be disclosed in due course.
development drilling locations, with the spud the payment of approximately $ 370mn, plus Petrobras, January 04 2021

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