Page 14 - LatAmOil Week 40 2022
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LatAmOil                                     NEWS IN BRIEF                                          LatAmOil










       PIPELINES & TRANSPORT
       Petrobras reports

       on signing of

       contracts with NTS

       Petrobras, following up on the release disclosed
       on December 22, 2021, informs that, as part of
       the actions taken to open the Brazilian natural
       gas market, signed, in September 30, 2022, with
       Nova Transportadora do Sudeste (NTS) the
       Flexibility Reduction Agreement to be used by
       Petrobras (Agreement) and amendments to the
       Malha Sudeste, Malha Sudeste II, GASDUC III,
       GASPAJ e GASTAU Natural Gas Transportation
       Contracts (Amendments), which reflect the flex-
       ibility limitation of Petrobras. These instruments
       allow for the access of other agents to NTS’ trans-
       portation system as of October 1, 2022.
         The execution of the Agreement and Amend-  of existing and competitive credit resources as  Petrobras’ internal rules and with the special
       ments was carried out after approval by the  compared to current market conditions.  regime for divestment of assets by federal mixed
       National Agency of Petroleum, Natural Gas and   Ecopetrol is the largest company in Colombia  economy companies, provided for in Decree
       Biofuels (ANP) and is in line with the commit-  and one of the main integrated energy compa-  9,188/2017.
       ment made by Petrobras under the Commit-  nies in the American continent, with more than   This transaction is aligned with the compa-
       ment Agreement (TCC), signed on July 8, 2019,  18,000 employees. In Colombia, it is responsible  ny’s portfolio optimisation strategy and capital
       between the Administrative Council for Eco-  for more than 60% of the hydrocarbon produc-  allocation improvement, aimed at maximising
       nomic Defense (CADE) and Petrobras.  tion of most transportation, logistics and hydro-  value and greater return to society.
       Petrobras, October 3 2022           carbon refining systems, and it holds leading   About the asset: The asset is composed of 34
                                           positions in the petrochemicals and gas distribu-  mining titles of potassium salts located in the
                                           tion segments. With the acquisition of 51.4% of  Amazonas Basin and granted by the National
       INVESTMENT                          ISA’s shares, the company participates in energy  Mining Agency (ANM). Of these 34 titles, 8 are
                                           transmission, the management of real-time sys-  mining concessions, 4 are mining requirements
       Ecopetrol disburses                 tems (XM), and the Barranquilla-Cartagena  and 22 are in the process of obtaining a research
                                           coastal highway concession. At the international  authorisation.
       $1.2bn credit facility for          level, Ecopetrol has a stake in strategic basins   Petrobras, September 30 2022
                                           in the American continent, with Drilling and
       early prepayment of ISA             Exploration operations in the United States (Per-  Petrobras enters
                                           mian basin and the Gulf of Mexico), Brazil and
       acquisition loan                    Mexico, and, through ISA and its subsidiaries,   opportunity stage of
                                           Ecopetrol holds leading positions in the power
       Ecopetrol informs that, as part of its comprehen-  transmission business in Brazil, Chile, Peru and   onshore fibre optic
       sive debt management strategy, it has made a full  Bolivia, road concessions in Chile and the tele-
       disbursement of a $1.2bn credit facility it entered  communications sector.  network sale
       into in August 2021 with a group of international   Ecopetrol, September 29 2022
       banks, as approved by the Ministry of Finance                            Petrobras informs that it has started the oppor-
       and Public Credit through Resolution 1824 of   Petrobras launches sale of   tunity disclosure stage (teaser), regarding the
       July 30, 2021.                                                           sale of its onshore fibre optic network.
         The proceeds will be used in their entirety   potassium mining rights    The teaser, which contains the key infor-
       towards the early repayment of the loan Ecopet-                          mation about the opportunity, as well as the
       rol entered into for the acquisition of Intercon-  Petrobras, following up on the release disclosed  eligibility criteria for the selection of potential
       exión Eléctrica SA (ISA). With this repayment, a  on August 11, 2022, informs the beginning of the  participants, is available on Petrobras’ Investor
       total of $3.2bn will be paid to the original lenders  binding phase concerning the sale of its mining  Relations website.
       of the ISA Acquisition Loan, leaving a remaining  rights for research and mining of potassium salts   The main subsequent stages of the project
       balance of $472mn, maturing in August 2023.  located in the Amazonas Basin.  will be informed to the market in due course.
         This transaction has met all the mandatory   Potential buyers qualified for this phase will   This disclosure is in accordance with Petro-
       internal and external procedures and approvals  receive a process letter with detailed instructions  bras’ internal rules and with the special regime
       and does not increase Ecopetrol’s indebtedness  about the process, including guidelines for due  for divestment of assets by federal mixed
       level. This transaction reduces Ecopetrol’s refi-  diligence and for submitting binding proposals.  economy companies, provided for in Decree
       nancing needs for 2023 and captures the benefits   This disclosure is in accordance with  9,188/2017.



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