Page 15 - LatAmOil Week 35 2021
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LatAmOil NEWS IN BRIEF LatAmOil
the petrochemical segment, as foreseen in its
2021-2025 Strategic Plan, aiming to integrate its
Exploration and Production (E&P) and Refining
activities.
The company reaffirms that there is still no
definition or decision on the matter.
Petrobras, August 30 2021
SERVICES
Maersk Drilling secures
one-well contract extension
for Maersk Discoverer
The work is expected to commence in the
first half of 2022 in direct continuation of the
semi-submersible rig Maersk Discoverer’s con-
tract with Shell Trinidad. With this option called,
Maersk Discoverer is fully booked throughout
Operational Update: The Company has con- Cruz Sur continue with the delivery of produced 2021 and part of 2022.
firmed that following installation of the pipe- gas to industrial customers under contract with “It’s a pleasure working for CGX. The rig has
line required to bring back on line the liquids premium winter pricing being achieved. Pro- successfully spudded the first well and we are
production that was shut in April 2020, the duction over the period from January 1, 2021, to grateful for the opportunity to support their
infrastructure has now been successfully com- August 23, 2021, reached an aggregate of 381,243 continued success in Guyana. The region holds
missioned for operation and shut-in wells are boe net to Echo, which included 48,211 barrels great potential and with our multiple active rigs
being brought online. This follows an upgrade of of oil and condensate and 1.998bn cubic feet in the area, we are well positioned to tap into the
the electrical infrastructure, which was designed (56.58mn cubic metres) of gas. positive outlook for hydrocarbon developments
to support the first tranche of production from Martin Hull, CEO of Echo Energy, com- in the Americas,” says COO Morten Kelstrup of
the Campo Molino and Chorillos oilfields to mented: “During Q3-2021, we have contin- Maersk Drilling.
provide sufficient power to support sustained ued to make significant operational progress Maersk Discoverer is a DSS-21 column-stabi-
production from the associated ten wells. These and deliver against our objectives. Successfully lised dynamically positioned semi-submersible
upgrades are also part of the Company’s strat- increasing our liquids production is an impor- drilling rig, able to operate in water depths up to
egy to control critical infrastructure previously tant milestone. There remain further production 10,000 feet (3,048 metres). It is currently oper-
rented from contractors. upsides as we continue through the programme ating offshore Guyana for CGX Resources Inc.
To date, the Campo Molino oilfield has been of reopening previously shut-in wells. Increased Following the contract with CGX, the rig will
brought back online with four of the shut-in production combined with the continuing commence a contract with BG International, a
wells now back in operation and producing from marked upswing in global commodity prices subsidiary of Shell, in Trinidad and Tobago as
the Springhill reservoir. This first tranche of materially increases our cashflows enabling rein- stated in Maersk Drilling’s recent fleet status
restored production will increase the number of vestment to further drive growth. The ongoing report.
active producing oil wells at Santa Cruz Sur to 18. production increases have been achieved while Maersk Drilling, August 31 2021
As of August 23, 2021, the recently reacti- maintaining our careful cost management in
vated wells have contributed to an almost 50% order to maximise value for shareholders.”
increase in total liquids production at Santa Cruz Echo Energy, August 26 2021 PERFORMANCE
Sur compared to the period immediately prior to
this (281 bpd gross, 197 bpd net to Echo during PetroTal announces Q2-2021
the period August 1-17, 2021). This represents PETROCHEMICALS
an increase of 137 bpd gross, 95 bpd net to Echo financial, operating results
and work continues to bring the remainder of Petrobras comments on
the first tranche of shut-in production back PetroTal, a Company focused on the develop-
online. The production levels from the initial plan to sell Braskem stake ment of oil assets in Peru, has announced its
reactivated wells indicate that the shut-in period financial and operating results for the six- and
has not had a detrimental impact on reservoir Petrobras informs that, following up on the three-month periods ended June 30, 2021.
behaviour in the Campo Molino oilfield. Prior releases disclosed on June 8, 2021, and August Highlights: Outperformed Q2-2021 produc-
to shut-in, the combined gross production from 9 and August 20, 2021, it maintains its position tion guidance by 2% and Q1-2021 production
the 10 oil wells was approximately 138 bpd gross, of seeking the full sale of its interest in Braskem by 21%, delivering 8,839 bpd under constrained
96 bpd net to Echo, approximately the same level and is monitoring the process of divestment of production conditions, as previously described
now being achieved from the initial four wells, the stake held by Novonor. in the Company’s July 20, 2021 RNS. Generated
with the associated upgraded infrastructure. As part of its active portfolio manage- a significant increase in revenue of $42.8mn
Daily operations across the asset base in Santa ment, Petrobras evaluates opportunities in ($53.20 per barrel) in Q2-2021 versus $32.4mn
Week 35 02•September•2021 www. NEWSBASE .com P15