Page 15 - LatAmOil Week 32 2021

LatAmOil NEWS IN BRIEF LatAmOil

Grand Canal has been engaged in civil works production in July 2021 and corresponding
related to the constructions on its BDWP. Cur- numbers for June 2021. Colombia: July 2021, 818
rently, on-going major constructions are the boepd, 570 bpd of oil; June 2021, 817 boepd, 566
port laydown yard, a 200-metre rip rap shore bpd of oil. Argentina, operated by Selva Maria
protection, a 90-metre wharf and access trestle, Oil on behalf of Interoil until local authorities
an access road from Seawell bridge to the deep approve operator’s licence: July 2021, 2,195
water port site, a bridge over a canal leading to boepd, 291 bpd of oil; June 2021, 2,484 boepd,
Seawell Village, and relocation of utilities (water, 298 bpd of oil.
power and communication). Construction of In July, average daily production was 3,013
the wharf platform and access trestle are cur- barrels of oil equivalents per day (boepd), com-
rently scheduled to begin in September 2021. pared to 3,301 boepd in May. Output was rela-
The capital cost for the BDWP through to 2023 tively stable in Colombia.
is currently estimated at approximately $70mn. In Argentina, gas production was slightly February 2021 on spot energy remuneration,
The port is expected to be built and completed lower than in the month before because of a partially offset by real devaluation affecting spot
by the end of 2023 and start operations in the technical problem in a gas compression unit in revenues.
beginning of 2024. Campo Bremen (Santa Cruz). The situation was 79% year-on-year increase in the adjusted
CGX Energy, August 11 2021 resolved after seven days and gas production was EBITDA, recording $241mn during Q2-2021,
back on stream on August 3. explained by rises of $67mn in oil and gas,
Also, in Argentina, COVID-19 restrictions $25mn in power generation, $12mn in petro-
SERVICES continue to prevent critical field experts from chemicals, and $2mn in holding and others.
entering the country, resulting in a further delay Pampa recorded a consolidated profit attrib-
Prosperity FPSO hull of the workover operations at the MMO-15 field utable to the Company’s shareholders of $70mn,
that commenced in May, and which produced $66mn higher than the second quarter of 2020
arrives in Singapore for encouraging results. (Q2-2020), mainly due to better operating mar-
In Colombia, transportation of goods and gin, offset by higher losses from discontinued
next phase of construction export of oil products from and to the fields operations and income tax charge in Q2-2021.
was restored, and light trucking is now possi-
Pampa Energía, August 11 2021
The hull for the Prosperity FPSO has arrived ble throughout the country. In the Puli C area,
safely at the Keppel yard in Singapore. Now, the however, road blockage especially for heavy and Petrobras presents
next phase of construction will commence, with extra-heavy loads, has prohibited the mobili-
the topside modules being integrated at the yard. sation of the pulling rig required to recover the excellent financial
Despite the various challenges posed by the shut-in Puli C producing wells. Interoil is dis-
ongoing global pandemic, the unit remains on cussing with local communities to obtain the results in Q2-2021
schedule to be completed in 2024. Drydock necessary approvals.
activities are scheduled to begin in the 4th quar- In the Llanos area, Interoil is now moving Petrobras achieved excellent operational and
ter of this year, with the installation of major Vikingo production through the Perenco oil financial results in the second quarter of 2021,
structures that will support the Mooring and pipeline, as it did prior to the road blockage. with a net income of $8.1bn, positively impacted
Subsea Risers. However, the planned drilling of an exploration by the effect of the Real appreciation on debt.
In keeping the standardisation philosophy well in the Altair and LLA-47 blocks have been Among the highlights are the generation of
that guides the Fast4Ward® programme, the further delayed. Interoil is dedicating significant operating cash flow and free cash flow, total-
Prosperity FPSO by in large replicates the design resources to obtain the required approvals for ing $10.8bn and $9.3bn, respectively, and the
used for the Liza Unity FPSO. This approach has this exploration campaign. adjusted EBITDA of $11.8bn, 32% higher than
showcased the value of Fast4Ward®, ensuring Interoil Exploration & Production, August 12 2021 the previous quarter.
that the final product is delivered faster to our In view of this result, the company’s Board
client ExxonMobil. Once installed, the vessel is Pampa Energía announces of Directors approved the anticipation of the
intended to produce roughly 220,000 barrels of shareholder remuneration payment for 2021
oil per day and will be able to store around 2mn solid Q2-2021 results and in the amount of $6bn, with $4bn to be paid on
barrels of crude oil. August 25th of this year and $2bn on Decem-
Once completed, Prosperity will join her record high gas production ber 15, 2021. Thus, Petrobras shares its financial
sister vessel Liza Unity, currently under con- gains with Brazilian society. The Union, the con-
struction at the same yard, and Liza Destiny, Pampa Energía, an independent company with trolling shareholder, will receive R$11.6bn of this
operational since end of 2019, offshore Guyana. active participation in Argentina’s electricity amount and, added to the installments already
SBM Offshore, August 12 2021 and gas value chain, announces the results for paid, the amount will reach R$15.4bn by the end
the six-month period and quarter ended on June of 2021.
30, 2021. “It is a pleasure to present the excellent opera-
PERFORMANCE Main results from the quarter: 68% year- tional and financial results for the second quarter
on-year increase in sales, recording $346mn in of 2021. We keep on working hard, supported
Interoil issues production the second quarter 2021 (Q2-2021), explained by absolutely technical decisions; evolving and
by higher price and volume of hydrocarbons becoming stronger to better invest, supply an
report for July 2021 and petrochemicals sold, the new combined increasingly demanding market, and generate
cycle gas turbine at Genelba Thermal Power prosperity for our shareholders and for society,”
Below please find average gross operated Plant (CTGEBA), and the retroactive rise as of said Petrobras CEO Joaquim Silva e Luna.

Week 32 12•August•2021 www. NEWSBASE .com P15