Page 10 - LatAmOil Week 40 2022
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LatAmOil                                          BRAZIL                                            LatAmOil



                         He has also discussed shifting the country’s   Indeed, he has indicated that he favours pri-
                         focus from fossil fuels to renewable energy and   vatising Petrobras itself – probably because he
                         claimed that his policies would protect consum-  would prefer to see voters blame the company
                         ers from the inflationary impact of high petro-  rather than his government for the economic
                         leum product prices.                 woes resulting from this year’s price increases.
                           Bolsonaro, by contrast, would likely prefer   He would also not stand in the way of the NOC’s
                         to see Petrobras continue with its privatisation   efforts to focus on development of its upstream
                         drive.                               pre-salt assets in order to maximise profits. ™


       Trident Energy hopes to sell stakes in two




       fields from Pampo-Enchova cluster soon





                         UK-BASED Trident Energy has said it will soon   sites, even though they hold more than 1bn
                         launch the sales process for stakes in two of the   barrels of oil, and concentrate on the other eight
                         10 Campos basin fields it acquired from Brazil’s   fields in the Pampo-Enchova cluster, which are
                         national oil company (NOC) Petrobras in 2020.  more developed, he said.
                           Jean-Michel Jacoulot, Trident’s CEO, told   “What we really want to do is brownfield,” he
                         Upstream Online last week that the company   commented.
                         intended to sell the stakes via competitive   He indicated that Trident had not fixed the
                         bidding and had hired Itaú BBA, a Brazilian   size of the stake to be sold in each field, saying
                         bank, to run the auctions. Trident will begin   that the company wanted to remain a share-
                         seeking bids around the middle of October, he   holder in Badejo and Linguado but was willing
                         said on the sidelines of the Rio Oil & Gas 2022   to discuss various alternative arrangements.
                         conference.                          “We’re open in terms of how we’re going to
                           “We’re looking for partners,” he declared.  structure the partnership,” he stated.
                           The sales process will affect Trident’s hold-  The British company is even willing to work
                         ings in the Pampo-Enchova cluster, a group of   with potential investors that will only bid if they
                         mature oilfields located in 85- to 780-metre-  can assume operatorship, he added. “[It’s] some-
                         deep water in sections of the Campos basin that   thing we can discuss,” he said.
                         lie 80-90 km off the coast of Rio de Janeiro State.   He went on to say that Trident hoped to
                         The UK-based company paid about $1bn for the   wrap the sales up within the next few months.
                         cluster, which includes a group of mature fields   “In principle, we’d like to have some offers by the
                         that Petrobras began developing in the 1980s.  end of the year,” he told Upstream Online.
                           Jacoulot told Upstream Online that Trident   The Pampo-Enchova cluster is currently
                         intended to divest parts of its stakes in Badejo   producing around 25,000 barrels per day of oil,
                         and Linguado, two fields that have been discov-  up from 22,000 bpd at the time of sale in 2020.
                         ered and tested but not yet developed. The com-  Trident’s licence for the fields is due to expire in
                         pany has decided to reduce its exposure to these   2054. ™

























                                             Trident intends to divest parts of its stakes in Badejo and Linguado (Image: EPBR)



       P10                                      www. NEWSBASE .com                        Week 40   05•October•2022
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