Page 12 - LatAmOil Week 49 2021

LatAmOil CHILE LatAmOil

The complex will also have a desalination plant
and port facilities to export the ammonia to
world markets, it said.
The company did not reveal when the
study would be completed. But it did say it had
arranged to collaborate with the University of
Magallanes on this part of the project. It also
stated that it hoped to begin construction in
2025 and start hydrogen production in 2027.
When finished, Total Eren added, the com-
plex will be able to produce 47,000 GWh per
year of electricity and 800,000 tonnes per year
of green hydrogen. It will also turn out around
4.4mn tpy of green ammonia for export and pre- H2 Magallanes will use wind to produce green hydrogen (Image: Siemens Energy)
vent the emission of about 5mn tpy of carbon
dioxide, the company said. would like to thank the Ministries of Energy and
This is in line with the Chilean government’s Education of Chile, the University of Magallanes
plans for reducing greenhouse gas (GHG) emis- [and] our shareholder, TotalEnergies, for their
sions and increasing the country’s capacity for continuous support and ambitious vision for
producing green hydrogen via electrolysis to 25 the deployment of green hydrogen worldwide,
GW by 2030, it added. as well as our teams in Chile and in France,
Fabienne Demol, Total Eren’s executive which are key to this project’s development. I
vice-president and global head of business am eager to begin construction to contribute to
development, commented: “We are delighted to Chile’s ambition of becoming a top destination
present this large-scale green hydrogen project, for green hydrogen investment in Latin Amer-
a pioneering initiative that we are proud to offi- ica and meet the needs of our customers world-
cially launch today in Chile’s Punta Arenas. We wide.” ™

ECUADOR
Ecuador adopts tax decree that will help

speed up sale of state-controlled fields

ECUADOR’S government adopted a new
umbrella tax decree late last month, within
the framework of efforts to reforms the legis-
lative framework governing its hydrocarbon
resources. Under this decree, Quito will be able
to proceed with the sale of state-controlled oil-
fields to private-sector investors sooner than
was previously possible.
The new tax rule will facilitate the auction
of two mature assets belonging to state-owned
PetroEcuador, according to a report from Argus
Media. These are the Sacha oilfield, which yields
about 65,000 barrels per day (bpd) of oil, and the
shallow-water Amistad natural gas field, which Quito is preparing to sell two oilfields owned by PetroEcuador (Image: Acero Ande)
yields about 25mn cubic feet per day (258mn
cubic metres per year). The latter has already day (bpd) during his time in office. Currently,
attracted the attention of five interested parties. the nation produces approximately 485,000 bpd
In order to allow the government of Ecuador of medium and heavy sour crude.
to focus on other areas such as education and In an effort to realise President Lasso’s vision,
health, President Guillermo Lasso has decided the government is looking to migrate around
to open the country’s oil sector up to investment 20 fee-based service agreements to produc-
from the private sector. Upstream production tion-sharing contracts (PSCs). To date, two
operations remain a priority for the govern- firms have expressed interest in migrating their
ment, and President Lasso has pledged to dou- contracts, and negotiations are set to begin as
ble Ecuador’s oil production to 1mn barrels per soon as the beginning of 2022.

P12 www. NEWSBASE .com Week 49 09•December•2021