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LatAmOil NEWS IN BRIEF LatAmOil

UPSTREAM China Petroleum & Chemical Corp. (Sinopec). commence in Q4-2020.
The company informs that it has received two “This new survey in Suriname comes at an
Petrobras confirms proposals with close values and will make a new exciting time for this area,” said Irene Waage
round of receiving binding proposals, with sup-
Basili, the Chief Executive Officer of Shearwa-
hydrocarbon find at Block port in the Petrobras’ Divestment Methodology. ter. “We look forward to working together with
On July 9, 2020, the company informed about PSEPBV, an affiliate of Petronas in Suriname, for
C-M-657 in Campos Basin the approval of the deliberative bodies of Petro- this project.”
bras for the beginning of the negotiation phase of
The 3D seismic survey covers surface area
Petrobras has identified the presence of hydro- the Landulpho Alves Refinery (RLAM) and will of 6,200 square km in Suriname’s Block 52 and
carbons in the pioneer well of block C-M-657, disclose the next steps of the process under the will be carried out by the Geo Caribbean vessel.
located in the pre-salt of the Campos Basin. terms of the Divestment Methodology. PSEPBV is the operator of Block 52 with 50%
Well 1-BRSA-1376D-RJS (Naru) is located Petrobras clarifies that the Divestment Meth- participating interest together with partner Exx-
approximately 308 km from the city of Rio de odology foresees only the disclosure to the mar- onMobil holding the remaining 50%.
Janeiro, in water depth of 2,892 metres, being ket of the following stages of the process: teaser, Shearwater GeoServices, September 21 2020
verified the presence of hydrocarbon in car- start of the non-binding phase, start of the bind-
bonate reservoirs of the pre-salt section. The ing phase, execution of exclusivity agreement Sapura Energy wins major
well data will be analyzed to better assess the (when applicable), signing and closing.
potential and direct the exploratory activities in Finally, Petrobras reinforces its commit- projects worth MYR40mn in
the area. ment to the broad transparency of its divest-
Block C-M-657, acquired in March 2018, in ment projects and portfolio management and South America and Africa
the 15th bidding round of the National Agency informs that subsequent steps will be disclosed
of Petroleum, Natural Gas and Biofuels (ANP), to the market in accordance with the Company’s Sapura Energy, a leading global integrated oil
under the Concession regime, is in the south- Divestment Methodology. and gas services and solutions provider, has
ern portion of the Campos Basin. Petrobras is Petrobras, September 21 2020 announced two major project wins in South
the operator of the block and holds a 30% stake, America, as well as a drilling contract win in
in partnership with ExxonMobil (40%) and the Ivory Coast. The total value of the three con-
Equinor (30%). SERVICES tracts is MYR840mn ($202.85mn), bringing
Petrobras, September 23 2020 the company’s total wins to-date to MYR1.6bn
Shearwater GeoServices ($390mn), in FY 2021.
The new wins demonstrate Sapura Energy’s
awarded marine 3D gressing the company’s strategy of leveraging
DOWNSTREAM resilience in a challenging environment, pro-
Petrobras reports on seismic survey contract on its agility and assets to expand international
reach. Sapura Energy has aimed to capture
progress of RLAM and by Petronas Suriname E&P opportunities still available in addressable mar-
kets for oil and gas services, deepening its pres-
Repar refinery sales Shearwater GeoServices has announced the ence in the fastest growing regions like South
America, Africa and Middle East.
award of a large towed streamer 3D seismic sur-
Petrobras, in relation to the news published in vey for Block 52, offshore Suriname by Petronas In South America, Sapura Energy strength-
the media, referring to the divestment of the Suriname E&P (PSEPBV), a subsidiary of Pet- ened its hold as its subsidiary Sapura Energy
Presidente Getúlio Vargas Refinery (Repar), ronas. Malaysia’s Petronas is an integrated global Mexicana secured the engineering, procure-
clarifies that the binding stage of the competitive energy company and the Americas is one of the ment, construction and installation scope for
process counts with the participation of Ultrapar regions the company is focusing on. the Eni Mexico Amoca Project – Offshore
Participações, the consortium led by Raízen and The four-month project is scheduled to Block Area 1 in Mexico. The contract entails the
transportation and installation of the Amoca
Platform and the pipeline and subsea cable
interconnecting the Amoca and Mizton plat-
forms with the Floating Production Storage and
Offloading (FPSO) unit. The works are expected
to be completed by Q4-FY 2022.
Sapura Energy has completed multiple pro-
jects in Mexico, after its maiden entry in 2015.
In Brazil, Sapura Energy builds upon its
longstanding relationship with Petrobras,
as the national oil company awarded Sapura
Navegação Marítima (SNM) a 12-month
extension on the contract for the operation of
pipe-laying support vessel Sapura Esmeralda.
The scope of work comprises the provision
of services and charter for the installation and
recovery of flexible pipes by utilising Sapura
Esmeralda in Brazilian waters.

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