Page 12 - LatAmOil Week 13 2020

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By 2029, Brazil’s gas consumption is anticipated to reach 87.6mn cubic metres per day. This would represent a rise of 10 mcm per day on the figure reported for last year, according to the Brazilian government’s Energy Research Office (EPE).
Officials in Brasilia have indicated that gas consumption could rise even further if asset sales instigated by state-run Petrobras and the Novo Mercado de Gas (new gas market) pro- gramme go to plan. Meanwhile, ANP noted, efforts to reduce pollution will also expand demand for gas.
“The stronger natural gas usage in the national territory has the characteristic of lever- aging the use of a cleaner fuel compared to other fossil fuels, as well as contributing to the devel- opment of new businesses,” the agency said.
In January, the Brazilian conglomerate Cosan applied for environmental permits to build a second section of the Route 4 offshore gas export pipeline.
At the time, Cosan said it was looking to build a pipeline to link several subsalt fields with a planned gas-processing plant at Ilha da Madeira in the state of Rio de Janeiro.™
Yinson finalises Marlim-2 FPSO contracts with Petrobras
MALAYSIA’S Yinson Holdings said last week that it had finalised a deal with Brazil’s national oil company (NOC) Petrobras for the use of a floating production, storage and off-loading (FPSO) at the offshore Marlim oilfield.
In a statement, Yinson explained that its indirect wholly owned subsidiary Yinson Pro- duction Pte Ltd (YPPL) had joined two affiliated firms, Yinson Boronia Serviços de Operação and Yinson Boronia Production (YBP), in sign- ing definitive contracts with Petrobras.
These documents cover the chartering and operation of the Marlim-2 FPSO and are in line
with the letters of intent (LoIs) that the parties signed last October, it said.
One of the LoIs provided for the Malaysian company’s Dutch-incorporated indirect sub- sidiary YBP to execute the charter contract. The other assigned the operations and maintenance contract to YBP’s Brazil-incorporated subsidi- ary Yinson Boronia Serviços de Operação.
The new contracts have a combined value of
about $5.4bn. They will remain valid for a period
of 25 years and reportedly cannot be extended. Yinson is due to deliver the Marlim-2 FPSO to Petrobras in the first quarter of 2023. 
The Marlim-2 FPSO contracts are worth more than $5bn (Photo: The Malaysian Reserve)
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w w w . N E W S B A S E . c o m Week 13 02•April•2020