Page 16 - LatAmOil Week 36 2022

LatAmOil NEWS IN BRIEF LatAmOil

August 2022 Sales Volumes: Our August daily on research projects and educational events pro-
sales volumes averaged 2,727 boepd, including moting the benefits of the green fuels produced
natural gas sales of 15.6 mcf per day, and asso- by the Company.
ciated natural gas liquids sales from condensate With aviation being one of the fastest grow-
of 120 bpd of oil, based on field estimates. Our ing sources of emissions globally, a number of
August sales volumes are a record for Alvopetro, countries are now mandating the increased use
8% above July sales volumes of 2,514 boepd and of sustainable jet fuels from 2030. The Interna-
16% above average volumes in the second quar- tional Civil Aviation Organisation has stated
ter of 2022 of 2,359 boepd. that hydrogen will be one of the important
Operational Update: On August 26, we spud components in the toolkit of aviation in moving
our 182-C2 well on Block 182 (100% Alvopetro). towards a cleaner, low-carbon future.
The 182-C2 well is a follow-up well to our 182- ATOME Energy, September 8 2022
C1 well drilled earlier this year and targets the
Agua Grande and Sergi Formations further east Petronas expands strategic
from the bounding fault encountered during
drilling of the 182-C1 well. alliance with YPF for growth
On our Murucututu project, the ANP inspec- two work class ROVs (WROVs) and personnel.
tion of our fiscal meter station at our 183-1 “This week’s contract signings are another set opportunities in Argentina
location was completed last week and, subject of confirmations of Reach Subsea’s good position
to receipt of all finalised reports, we expect to in an accelerating market for subsea services. We Petronas has signed a Memorandum of Under-
commence production from our 183-1 well this have strong technology, a good reputation, and standing (MoU) with Argentina’s largest inte-
month. with our broadened service offering, we can lev- grated oil and gas company, YPF, to pursue
Alvopetro Energy’s vision is to become a erage the strong market in a tremendous way,” collaboration in Argentina in an integrated LNG
leading independent upstream and midstream said Alendal. project and other areas, including upstream oil,
operator in Brazil. Our strategy is to unlock the Reach Subsea, September 7 2022 petrochemicals and clean energy solutions.
on-shore natural gas potential in the state of The MoU was formalised by Petronas Presi-
Bahia in Brazil, building off the development ATOME Energy signs dent and Group Chief Executive Officer, Datuk
of our Caburé natural gas field and our strategic Tengku Muhammad Taufik and YPF Chairman
midstream infrastructure. two MoUs with potential and President, Pablo Gonzalez. Also present
Alvopetro, September 8 2022 were senior management from Petronas and
YPF.
Reach Subsea announces long-term customers operating entity in Argentina, Petronas E&P
In addition to the MoU, YPF and Petronas’
in Paraguay
significant contract AIM-listed ATOME Energy, the only pure inter- Argentina executed a Joint Study and Devel-
opment Agreement (JSDA) towards the study
awards, including strategic national green hydrogen and ammonia produc- and potential development of the Argentina
tion company on the London Stock Exchange Integrated LNG project which will encompass
engagement in Brazil with current large-scale industrial projects as dedicated upstream gas production, dedicated
well as hydrogen mobility projects in South pipeline and infrastructure development, LNG
Reach Subsea, the trusted data and subsea ser- America and Europe announces the entry into production as well as marketing and shipping.
vice provider for ocean-based industries, has two significant Memoranda of Understanding The Final Investment Decision for the pro-
recently signed contracts amounting totally in in Paraguay. The MOUs are timed to coincide jects will be undertaken after diligent technical
excess of NOK200mn, including an important with the Invest in Paraguay conference currently and commercial assessment has been conducted,
strategic contract in the Brazilian market, which being held by the Government of Paraguay in backed by conducive fiscal terms, legislation and
was signed today. The contract is the first result association with the Inter-American Develop- policies.
of a strategic partnership with a Brazilian off- ment Bank and at which ATOME’s Chair, Peter Datuk Tengku Taufik said: “Petronas is
shore company. Levine, is speaking. focused on expanding and diversifying our
“The contract in Brazil is very important for The Company was approached by the integrated opportunities to capture key mar-
us, not only because of its large size, but also National Civil Aviation Authority of Paraguay, kets. This collaboration signifies a continued
since expansion in Brazil has been high up on which owns and manages Paraguay’s airports aspiration to achieve shared business growth,
our agenda for a long time, and now we are tak- and the National University of Asunción (UNA) as well as in providing sustainable and cleaner
ing the first step. The market is large, and we have with regard to the potential use of sustainable energy solutions. Petronas’ expertise in inte-
a great product offering following the acquisi- aviation fuels such as hydrogen and its green grated LNG and unconventional plays will add
tions of iSURVEY and OCTIO, which will be fuel derivatives to assist in moving towards the value to the intent and synergy of both parties in
further strengthened when we launch our first decarbonisation of both groundside and airside further exploring potential LNG opportunities
autonomous, unmanned offshore vessels, Reach operations in Paraguay. in Argentina, leveraging on Vaca Muerta’s vast
Remote, next year. Together with our new Bra- A Memorandum of Understanding has now unconventional gas resources.”
zilian strategic partner, we have now opened up a been signed between ATOME and DINAC Petronas’ strategic alliance with YPF began in
market with significant growth potential for us,” and UNA under which the parties have agreed 2014 through its partnership in the La Amarga
said CEO of Reach Subsea, Jostein Alendal. to work together with a view to identifying the Chica project, Vaca Muerta, as part of its growth
The assignment in Brazil is for the main sea- potential for use of the Company’s products in aspiration in the Americas.
son 2023 and involves one offshore vessel with the airports of Paraguay as well as co-operation Petronas, September 2 2022

P16 www. NEWSBASE .com Week 36 08•September•2022