Page 12 - LatAmOil Week 18 2021

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Atlanta (upper right) is in a shallow-water section of the Santos basin (Image: Petrobras)

The court also ruled that Enauta had the right to bids for the delivery of a new floating produc-
keep the additional stake in Atlanta. tion, storage and off-loading (FPSO) unit that
The settlement removes one of the last obsta- will be installed at Atlanta.
cles to Enauta’s planned takeover of BS-4. Barra At the time, the company said it needed an
announced plans to exit the block last Novem- FPSO that could handle 50,000 barrels per day
ber and then arranged to transfer its stake (bpd) of crude oil.
to Enauta the following month. Last month, It also stated that the vessel would support six
Enauta secured approval from Brazil’s National to eight development wells, including the three-
Agency of Petroleum, Natural Gas and Biofuels well early production system that came online at
(ANP) for the transfer and also began seeking the Atlanta field in 2018. ™

CHILE
Chilean NGO to set up green hydrogen fund

FUNDACION Chile, a Chilean non-govern-
ment organisation (NGO), has unveiled plans
for funding green hydrogen projects in order
to accelerate the country’s transition away from
fossil fuels.
The head of the NGO told Bloomberg that
Fundacion Chile’s programme envisioned the
establishment of a special $300mn fund to invest
in green hydrogen initiatives. The fund will raise
money and make it available for projects that are
about two or three years away from becoming
profitable, CEO Marcos Kulka explained. The
injection of additional investment will help
demonstrate the viability of such schemes, he
added. CEO Marcos Kulka (Photo: Fundacion Chile )
According to Kulka, Fundacion Chile is pur-
suing this path because has observed that inter- The CEO went on to say that the NGO had
est in green hydrogen is becoming more and already identified about 30 projects that would
more widespread. “Where we see a gap that we qualify to work with the new fund. He did not
could contribute to is paving the way to accel- identify any of these schemes, but he said that
erate projects that are commercially viable,” he the fund’s first task would be to raise the target
told Bloomberg. sum of $300mn.

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