Page 16 - LatAmOil Week 20 2021

LatAmOil NEWS IN BRIEF LatAmOil

Besides the difference in sulphur content, the the Lower Magdalena basin where there are few
S-10 diesel has a higher cetane level, an index blockades, have not been adversely affected.
that measures the ignition quality, i.e., the higher Canacol, May 19 2021
the better.
The increase in the S-10 Diesel production GeoPark reports on
capacity follows the evolution of the diesel-pow-
ered heavy and utility vehicle engines, responsi- the ongoing situation
ble for most of the circulation of goods in Brazil.
Petrobras, May 13 2021 “UPS is honored to enter into this agreement in Colombia
with AGT Energy and begin work in Guyana.
We understand the importance of Guyana’s oil GeoPark, a leading independent Latin Ameri-
SERVICES and gas sector to the growth of the country and can oil and gas explorer, operator and consoli-
its people and recognise the significance this par- dator with operations and growth platforms in
Solstad awarded new ticular refining project will have on both,” said Colombia, Ecuador, Chile, Brazil and Argentina
Reagan Busbee, President and Chief Operating reports on the ongoing situation in Colombia.
contract in Brazil Officer of UPS. “We’ve successfully completed Following a new tax reform proposal, a
projects all over the world, and we’re excited to national strike started on April 28, 2021, with
Solstad Offshore has signed a contract with bring our expertise and passion to this project, as protests and demonstrations in major cities of
Enauta Energia for the AHTS Normand Turma- well as to the people of Guyana.” Colombia. Despite the proposal being dismissed
lina. The vessel will be utilised by Enauta to sup- Darren Debideen, Oil and Gas Consultant in early May, demonstrations continued and
port the Atlanta field in the Santos Basin, Brazil, for Demerara Contractors and Engineers Lim- intensified and included road blockades across
for 18 months firm and with two years option ited (DCEL), a subsidiary of Demerara Distillers the country, affecting logistics and supply chains
thereafter. Commencement of the contract is Limited (DDL), stated, “We’re excited to bring in general.
during May 2021. UPS onto the team. They have an extensive track These events impact crude oil transportation,
Solstad Offshore, May 11 2021 record as a trusted service provider to ExxonMo- drilling, and the mobilisation of equipment and
bil, and we’re confident that experience, along personnel, causing GeoPark and its joint-ven-
Universal Plant Services with their reputation for training and com- ture partners to significantly reduce activity
munity involvement, will be beneficial for this in the fields and to start executing controlled
signs co-operation project. We’re confident UPS is the right partner production shut-ins in the Llanos 34 (GeoPark
who will be dedicated not only to the success of operated, 45% WI), CPO-5 (GeoPark non-op-
agreement with Demerara the project, but to Guyana and its people as well,” erated, 30% WI), and Platanillo (GeoPark
said Danny Balkissoon, Managing Director of operated, 100% WI) blocks, which have been
Group/AGT Energy Group AGT Energy Group Inc. gradually implemented since May 8, 2021.
GeoPark’s priority is to ensure the health
Universal Plant Services, May 20 2021
Universal Plant Services (UPS) has entered into and safety of its employees, neighbors and con-
a Memorandum of Understanding (MoU) with tractors. The Company is taking all necessary
Demerara Group/ AGT Energy Group. The PERFORMANCE steps to mitigate the impact of these events and
MoU states that UPS is to provide maintenance, is participating in ongoing conversations with
repair and installation services for rotating, Canacol Energy provides the Colombian government, its joint-venture
fixed, reciprocating and electrical equipment partners and suppliers, and expects the matter
to support the energy sector. Demerara Group/ operations update to be resolved in order to restart operations and
AGT is engaged to provide services to multina- production.
tional companies to support all services asso- Canacol Energy provides the following informa- As of the date of this release, GeoPark’s net
ciated with the upstream sector of Guyana and tion concerning its operations in Colombia. production curtailments total 12,000-15,000
Suriname both offshore and onshore. Together, Despite the civil disturbances occurring in boepd, representing 40-45% of the Company’s
the organisations are working to support Exx- Colombia related to the national strike, Can- production in Colombia and with its remaining
onMobil’s offshore refining interests in Guyana. acol’s gas sales and drilling operations remain production in the country flowing normally. The
UPS, a Jones Industrial Holdings company, uninterrupted. Given that Canacol’s gas sales Company’s operations and production in Chile,
provides world-class integrated specialty ser- are delivered via pipeline, the transportation Brazil and Argentina have not been affected by
vices designed to maximise the performance of and delivery of gas to its clients has been unin- these events.
critical energy assets. As one of North Ameri- terrupted. Realised contractual natural gas sales Drilling, maintenance and other field activ-
ca’s largest comprehensive specialty service (which are gas produced, delivered, and paid for) ities in Colombia have been temporarily sus-
providers, UPS provides construction and have averaged 172 mcf per day for the period pended until the situation is resolved.
maintenance, repair, and installation services May 1 to May 17, 2021. The GeoPark team will continue to make
for rotating, fixed, reciprocating and electrical Outside of the major cities, the majority of any and all adjustments necessary to protect its
equipment to the refining, petrochemical, power blockades are occurring in the oil producing Lla- employees, neighbors and contractors, as well
generation and offshore industries. nos, Middle Magdalena and Putumayo basins. as to minimise the impact on production, and
The company has the proven skills to guide As recently announced by other oil focused once there is more information on the length
diverse construction projects to successful com- Colombian producers, the blockades have been and overall evolution of these events, GeoPark
pletion with extensive experience operating disruptive to transportation of crude oil, drilling expects to provide revised oil and gas production
in greenfield (new) and brownfield (existing) and workover equipment, and personnel. The guidance and an updated work programme.
construction. Corporation’s operations, which are located in GeoPark, May 17 2021

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