Page 14 - LatAmOil Week 20 2021

LatAmOil BRAZIL LatAmOil

Petrobras, the national oil company (NOC), output levels were up by 6.3% month on month
accounted for 74.1% of total oil output in April, and down by 3% year on year, it said.
or 2.2mn bpd, ANP reported. The state-owned ANP also indicated that Brazil had produced
firm saw production levels rise by 4.4% on the more natural and associated gas last month. It
previous month and by 0.4% on April 2020, it did not provide a full breakdown of output data,
said. but it did report that the country had extracted
Royal Dutch Shell (UK/Netherlands) 3.8mn barrels of oil equivalent per day (boepd)
accounted for the second largest share of oil pro- of oil and gas. This marked a 4.5% rise on the
duction, as it turned out 370,388 bpd in April, or March figure and was up by 1.7% on the April
12.5% of the total, ANP added. The company’s 2020 figure, it stated. ™

PERU
Peru LNG halts production,

citing compressor problem

THE Peru LNG consortium has suspended Hunt Oil along with three other companies.
operations at its natural gas liquefaction plant in Equity is divided between Hunt Oil, with 50%;
Pampa Melchorita, citing an issue with one of SK Energy (South Korea), 20%; Royal Dutch
its compressors. Shell (UK/Netherlands), 20%, and Marubeni
Jeanne Phillips, a senior vice-president at (Japan), 10%.
Hunt Oil, the leader of Peru LNG, confirmed the Shell acquired its stake in 2014 and takes
shutdown last week. In an email to S&P Global 100% of Peru LNG’s production.
Platts, she indicated that the consortium had The Pampa Melchorita LNG complex, built
taken the plant offline on or about May 7. at a cost of $3.8bn, includes a 4.45mn tonne
Phillips said that Peru LNG hoped to resume per year (tpy) gas liquefaction plant built by
operations in the near future and stressed that US-based Chicago Bridge & Iron Co. (CBI),
the group was determined to resolve the prob- along with a marine terminal constructed by
lem with its compressor. “Peru LNG is working a consortium known as CDB. (This group
tirelessly to repair the issue and to restore the includes Italy’s Saipem, Luxemburg’s Jan de Nul
plant to full operation by the end of this month,” and Brazil’s Odebrecht.)
she wrote. The complex also includes a storage depot
As of press time, it was not clear whether the with two 130,000-cubic metre tanks and a
consortium would be able to load any cargoes 34-inch (860-mm) natural gas pipeline. This
for export this month. Peru LNG typically pro- pipeline handles gas from fields in the Cusco
duces enough LNG to load four or five cargoes region that are being developed by YPF, Argen-
per month, but it only loaded three cargoes in tina’s NOC and Repsol of Spain. The link runs
April, according to Platts. for 408 km from Chiquintirca, a town in the
The group’s members include US-based Ayacucho region, to the LNG plant. ™

Peru LNG can produce 4.45mn tpy of LNG (Photo: Peru LNG)

P14 www. NEWSBASE .com Week 20 20•May•2021