Page 11 - LatAmOil Week 32 2021

LatAmOil BRAZIL LatAmOil

Petrobras has taken control of six blocks in the Foz do Amazonas basin (Image: Petrobras)
They have done so largely out of frustration at countries that might be affected by spills in the
the Brazilian federal environmental agency IBA- frontier basin, he noted.
MA’s sluggish response to requests for permits In the meantime, Petrobras appears to have
to drill in the basin, which is home to coral reefs secured some support for its plans from Brazil’s
and other sensitive ecosystems. National Agency of Petroleum, Natural Gas and
Borges also expressed annoyance last week, Biofuels (ANP). Last week, the agency released
noting Petrobras was still waiting for IBAMA the results of studies conducted by the Federal
to reach a decision on the Foz do Amazonas University of Norte Fluminense (UENF) that
projects. highlight indications of active petroleum sys-
The agency has repeatedly asked the com- tems and other geological features similar to the
pany to provide additional documentation Guyana-Suriname basin and the coast of West
and pursue co-operation with neighbouring Africa. ™

Cosan subsidiary begins building

LNG import terminal in Santos

COMPASS Gas e Energia, a unit of Brazil’s
Cosan industrial group, recently began building
a new LNG regasification terminal in the port of
Santos in São Paulo state.
Cosan announced the start of construction
work on the São Paulo Regasification Terminal
(TRSP) in a press release earlier this month. The
terminal will receive natural gas via a chartered
floating storage and regasification unit (FSRU),
it said. It did not reveal any details of the charter
but said that the vessel would be able to handle
the equivalent of 14mn cubic metres per day of
gas and would have a storage capacity of 173,000
cubic metres The terminal will be finished in about 20 months (Photo: Cosan)
According to the press release, Cosan expects
Compass Gas e Energia to complete the facility the terminal. He reported that Compass Gas e
in about 20 months. The cost of construction is Energia’s marketing team was nearly ready to
anticipated to reach BRL700mn ($134.1mn), it wrap up negotiations on the supply deal with
said. Total Gas and Power, saying that the proposed
Cosan’s CEO Nelson Gomes said during contract would “comprise fixed and floating vol-
a webcast in March of this year that a unit of umes with different indexing options in terms
TotalEnergies (France) would deliver LNG to of prices.”

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