Page 14 - LatAmOil Week 41

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Norwegian-Brazilian consortium

in talks to buy Brazil’s Peroa fields

A Norwegian-Brazilian consortium is report- cubic metres of gas per day, in contrast to pre-
edly in bilateral talks with Brazil’s state-run oil vious years when output was several times that
and gas major Petrobras to acquire a cluster of amount. But if the Malombe prospect were to be
offshore natural gas fields known as Peroa. developed, the fields would be capable of raising
Discussions are underway with a consortium production levels to around 2.5 mcm per day,
made up of Brazil’s 3R Petroleum and Norwe- more than double the current level.
gian-Brazilian DBO Energy, two sources with Petrobras is unloading the Peroa fields within
direct knowledge of the matter told Reuters last the framework of a plan to pay down debts and
week. If the deal goes through, the cluster would recover from the Lava Jato corruption scandal by
be among the assets sold by Petrobras consisting divesting non-core assets and focusing on Bra-
entirely of gas, the news agency said. zil’s highly prospective deepwater pre-salt area.
Peroa is expected to be sold for a relatively Last December, the company said it intended to
low price compared with other production sell $20-30bn worth of assets, including eight
assets that Petrobras has put up for sale in the Brazilian refineries, in the 2020-2024 period.
same area, owing to the maturity of the fields, Rio de Janeiro-based DBO is staffed by Bra-
according to Reuters’ sources. The cluster has zilian and Norwegian executives, and its share-
been under development for almost 15 years. holders include Germany’s RWE, among other
The Peroa group of fields lies off the coast of companies.
the southern Brazilian state of Espirito Santo. It 3R, meanwhile, was partially founded by for-
also includes the Malombe prospect, which was mer Petrobras executives and is backed by the
discovered in 2011. Sao Paolo-based private equity firm Starboard
Last year, the cluster yielded just under 1mn Restructuring Partners. ™

Hygo Energy aims to strike

LNG supply deal with GdP

HYGO Energy – a joint venture between Golar shipments into the state.
LNG and Stonepeak Infrastructure Partners, This arrangement would allow Pará to gain
both registered in Bermuda – is looking to strike access to a source of cleaner-burning and less
a fuel supply deal with Companhia de Gás do costly fuel, Golar said.
Pará (GdP), a Brazilian company that has a
monopoly on natural gas distribution in the iso-
lated northern state of Pará.
In a statement dated October 14, Golar
reported that Hygo and GdP had signed a mem-
orandum of understanding (MoU) that lays the
groundwork for co-operation on this front. The
MoU calls for the parties to assess the potential
of the gas market in Pará, which is home to the
mouth of the Amazon River, and then move on
to negotiations on gas deliveries.
Hygo hopes these talks will lead to the sign-
ing of a supply contract that would allow it to
deliver LNG to Pará.
According to the statement, LNG will arrive
via a terminal that the joint venture has commit-
ted to build in the port of Barcarena. The facility
is slated to serve as the only point of entry for gas The company will import LNG via the Barcarena terminal (Image: Hygo Energy)

P14 www. NEWSBASE .com Week 41 15•October•2020