Page 15 - LatAmOil Week 12 2021

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Black & Veatch is a global engineering, procure-
ment, construction and consulting company
specialising in infrastructure development in
power, oil and gas, water, telecommunications,
government, mining, data centers, smart cities
and banking and finance markets.
Enegix and Black & Veatch signed a Memo-
randum of Understanding on February 16, 2021,
to develop Base One, with Black & Veatch pro-
viding the feasibility study for the project. The
scope of works includes technical design, sup-
plier and technology selection, planning of exe-
cution, project time schedule, risk assessment,
logistics strategy, and procurement strategy.
Black & Veatch was selected because of
its experience with major gas and hydrogen
projects.
“Black & Veatch’s team has the capability to
assess all aspects of the project, with transfera-
The Corporation achieved a 1P and 2P Reserves Corporation is focused on the following oper- ble skills that cover hydrogen production, han-
life index (RLI) of 6.4 years and 10.3 years, ational objectives: 1) the drilling of 12 explo- dling, transportation, storage and distribution
respectively, based on annualised fourth quar- ration, appraisal, and development wells in a following the highest standards for safety and
ter 2020 conventional natural gas production of continuous programme with the objective of efficiency. Black & Veatch is well-positioned to
170.087 mcf per day or 29,840 boepd. targeting a 2P reserves replacement ratio of more provide these types of services, contributing to
Realised contractual natural gas and LNG than 200%, 2) the acquisition of 655 square km the transition of fossil fuels to hydrogen,” said
sales decreased 6% to 169.8 mcf per day for the of 3D seismic on the Corporation’s VIM-5 and Wesley Cooke, Enegix’s Founder and CEO.
three months ended December 31, 2020, com- SSJN-7 blocks to expand its exploration prospect “Hydrogen project developers and investors
pared to 180.8 mcf per day for the same period inventory, 3) the execution of a definitive agree- need confidence in the quality of the advice
in 2019. Natural gas and LNG production vol- ment to construct a new gas pipeline from the they receive. The most complete analysis will
umes decreased 6% to 170.1 mcf per day from Jobo natural gas processing facility to Medellin, come from partners with expertise in hydrogen,
181 mcf per day during the three months ended Colombia, which will increase the Corporation’s renewable energy generation, and the complex
December 31, 2020, compared to the same natural gas sales by an additional 100 mcf per day interfaces between them that define projects like
period in 2019. The decrease is primarily due to in 2024, and 4) the continued strengthening of Base One,” said Gary Martin, a Managing Direc-
the decrease in spot market sales as a result of the our environmental, social and governance strat- tor with Black & Veatch’s Oil & Gas business.
COVID-19 pandemic. egy and reporting. “Facilities such as the one proposed by Enegix in
Realised contractual natural gas and LNG Canacol is a natural gas exploration and pro- Ceará are at the heart of making hydrogen a core
sales increased 20% to 171.6 mcf per day for duction company with operations focused in component of a zero-carbon global economy, so
the year ended December 31, 2020, compared Colombia. The Corporation’s shares are traded we are excited to be in a position to contribute.”
to 142.6 mcf per day for the same period in on the Toronto Stock Exchange under the sym- Energix Energy, March 17 2021
2019. Natural gas and LNG production volumes bol CNE, the OTCQX in the United States of
increased 19% to 171.1 mcf per day from 143.5 America under the symbol CNNEF and the
mcf per day during the year ended December 31, Bolsa de Valores de Colombia under the symbol MOVES
2020, compared to the same period in 2019. The CNEC.
increase is due to the completion of the pipeline Canacol Energy, March 18 2021 Ecopetrol announces
connecting the Corporation’s natural gas pro-
cessing facility to Cartagena, Colombia in late nomination of Hernando
Q3-2019, offset by lower than anticipated spot HYDROGEN
market sales due to the COVID-19 pandemic. Ramírez Plazas to its
Total natural gas revenues, net of royalties Enegix Energy partners
and transportation expenses decreased 5% to board of directors
$60.9mn for the three months ended Decem- with Black & Veatch for
ber 31, 2020, compared to $64.2mn for same Ecopetrol informs that, in accordance with the
period in 2019, primarily due a reduction in spot Base One in Brazil agreement of the Nation’s Declaration as the
market sales as a result of the COVID-19 pan- majority shareholder, and in compliance with
demic. Total natural gas revenues, net of royal- Enegix Energy Pte Ltd (“Enegix”) is developing standing procedures, the representatives of
ties and transportation expenses increased 13% Base One, a green hydrogen project in coop- the hydrocarbon producing departments have
to $240.3mn for the year ended December 31, eration with the State Government of Ceará, signed an agreement in order to unanimously
2020, compared to $212.4mn for same period an investment of $5.4bn. Enegix will set up the nominate Hernando Ramirez as their candidate
in 2019, mainly attributable to the increase of world’s largest green hydrogen plant that will for the Board of Directors. This agreement will
natural gas production due to the 2019 pipeline produce over 600mn kg of green hydrogen per be sent to the Ministry of Finance and Public
expansion. year when fully operational in 2025. Credit for the relevant purposes.
Outlook: For the remainder of 2021, the Headquartered in Overland Park, Kansas, Ecopetrol, March 19 2021

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