Page 14 - LatAmOil Week 05 2022

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the Bacalhau field (former Carcará area). The concessions, called the Urucu Cluster, located in
INVESTMENT remaining amount of $475mn will be paid on the Solimões Basin, in the state of Amazonas.
February 10, 2022. Despite the efforts made by both companies
Petrobras expresses of the Production Individualization Agreement was not possible to converge on an agreement
This receipt was conditioned to the approval in this process, throughout the negotiation, it
interest in areas under PSA (AIP) for the Bacalhau and Norte de Bacalhau in certain critical conditions, and it was decided
fields by the National Petroleum, Natural Gas, to close the negotiations in progress, without
Petrobras informs that today it expressed to the and Biofuels Agency (ANP), which occurred on any penalties for either party. Therefore, Petro-
National Energy Policy Council (CNPE) the December 9, 2021. bras has decided to end the current competitive
interest in the right of first refusal in blocks to Petrobras sold its total stake (66%) in block process and will evaluate the best alternatives for
be bid in the Permanent Offer System, under the BM-S-08 to Equinor, for $2.5bn. At the closing these concessions.
Production Sharing Agreement, pursuant to Law of the operation, the company received $1.25bn, Petrobras reinforces its commitment to com-
12,351/2010 and Federal Decree 9,041/2017. and at the signing of the sharing contract for the prehensive transparency of its divestment pro-
The company’s Executive Board approved the Norte de Bacalhau block, it received $300mn, jects and portfolio management and affirms its
expression of interest in the preemptive right in totaling $1.55bn. focus on deepwater and ultra-deepwater assets,
the areas of Água Marinha and Norte de Brava, The result of the third installment will be rec- where it has shown a great competitive edge over
located in the Campos Basin, with a percentage ognized in the financial statements for Q4-2021. the years, with high productivity and with lower
of 30%, considering the parameters disclosed in Petrobras, February 1 2022 greenhouse gas emissions.
CNPE Resolution No. 26, of December 9, 2021, Petrobras, January 28 2022
published on January 5, 2022. Rockhopper announces
The expression of interest is in line with
the company’s Strategic Plan, with a focus on Sea Lion update PERFORMANCE
deep and ultra-deep-water assets, where it has
demonstrated great competitive edge over the Rockhopper Exploration, the oil and gas explo- GeoPark announces
years, producing better quality oil and with ration and production company with key inter-
lower greenhouse gas emissions. ests in the North Falkland Basin, has announced consolidated 2021 certified
Petrobras, February 3 2022 that Rockhopper, Harbour Energy and Navitas
Petroleum have extended the provisions of the 2P reserves of 159mn boe
Petrobras receives last previously signed heads of terms (announced
on December 8, 2021) from January 31, 2022, to GeoPark, a leading independent Latin American
instalment of the sale of March 31, 2022, with a view to signing definitive oil and gas explorer, operator and consolidator,
documentation on the transaction by this date.
today announced its independent oil and gas
BM-S-8 block to Equinor Rockhopper Exploration, February 1 2022 reserves assessment, certified by DeGolyer and
MacNaughton (D&M), under PRMS methodol-
Petrobras, following up on the releases disclosed Petrobras reports on ogy, as of December 31, 2021.
on November 22, 2016, March 21, 2018, and All reserves included in this release refer to
December 9, 2021, informs that it has received divestment of Urucu Cluster GeoPark working interest reserves before roy-
from Equinor Brasil Energia the amount of alties paid in kind, except when specified. All
$475mn, equivalent to half of the third install- Petrobras informs that it has unsuccessfully con- figures are expressed in US Dollars.
ment related to the sale of its stake in the cluded negotiations with Eneva for the sale of all 2021 Year-End D&M Certified Oil and Gas
exploratory block BM-S-8, in which is located of its interest in a set of seven onshore production Reserves and Highlights. Building on GeoPark’s
core base in the Llanos 34 (GeoPark operated,
45% WI) and CPO-5 (GeoPark non-operated,
30% WI) blocks, the Company reports Colom-
bia Reserves as follows.
PD Reserves: Proven developed (PD)
reserves in Colombia of 49.9mn boe, with a PD
reserve life index (RLI) of 4.4 years. 1P Reserves:
Proven (1P) reserves in Colombia of 82.2mn
boe, with a 1P RLI of 7.2 years. Net present value
after tax discounted at 10% (NPV10 after tax) of
1P reserves of $1.3bn. 2P Reserves: Proven and
probable (2P) reserves in Colombia of 135.8mn
boe, with a 2P RLI of 11.9 years. NPV10 after tax
of 2P reserves of $2.0bn. 3P Reserves: Proven,
probable and possible (3P) reserves in Colom-
bia of 211.0mn boe, with a 3P RLI of 18.5 years.
NPV10 after tax of 3P reserves of $2.9bn.
Development Capital: Future development
capital to develop 1P, 2P and 3P reserves in
Colombia of $1.9 per barrel, $1.7 per barrel and
$1.6 per barrel, respectively.

P14 www. NEWSBASE .com Week 05 03•February•2022