Page 15 - LatAmOil Week 26 2021

LatAmOil NEWS IN BRIEF LatAmOil

with additional cash flow to help grow the Com- a 18.26% stake in Frade, from INPEX and Sojitz intervention support services with rental tool-
pany’s operations going forward. At the current and became the operator of the field in early 2019 ing. Delivery is expected to begin in the first
Brent crude oil price of approximately $74 per when it acquired an additional 51.74% interest in quarter of 2023.
barrel, the Company projects field netbacks at the asset from Chevron. Today, Frade produces Jonathan Landes, President, Subsea, at Tech-
Oso Pardo to be approximately $37 per barrel and processes nearly 20,000 barrels of oil per day. nipFMC, commented: “The Búzios 6-9 fields
(after accounting for the Vasconia differential, as PetroRio now holds 100% equity in the Frade are major developments in Brazil, and we are
well as transportation, opex, and royalty costs). field, having acquired a 30% interest in the field very honored to support Petrobras in this sub-
The Company projects capital costs to re-start from Petrobras in February this year. sea project, which further strengthens our long-
production from the Morsa-1, Oso Pardo-1, and PetroRio, June 24 2021 term partnership. This contract demonstrates
Oso Pardo-2 wells to be approximately $325,000 TechnipFMC’s unique ability to deliver compre-
(exclusive of any taxes), or the equivalent of hensive solutions that meet clients’ needs and
approximately $740 per flowing barrel of near- MIDSTREAM leverages our expertise in the pre-salt field.
term production, making the re-start of these “Sustainability will be at the core of our
wells highly-efficient from a capital investment Petrobras contracts project delivery. All of the subsea trees will be
perspective. manufactured at our facilities in Brazil, which
Arrow Exploration, June 24 2021 hydrotreatment unit are powered entirely from renewable energy
sources.
ANP approves PetroRio’s for REPLAN achieving our recent milestone of manufactur-
“This contract arrives only weeks after
Frade field development plan Petrobras informs that it has started today an ing and delivering 700 trees in-country – a fur-
ther testament to our long-term commitment in
international bidding process, in EPC (engineer-
PetroRio reports that the country’s National ing, procurement and construction) mode, for Brazil, where local content makes up over 97%
Petroleum, Gas and Biofuels Agency (ANP) has the implementation of a new diesel hydrotreat- of our workforce.’
approved the revised Development Plan of the ment unit and the necessary auxiliary systems, TechnipFMC’s demonstrated history of
Frade Field. aiming at adapting and modernising the refining project and technology delivery for Petrobras
The new Development Plan allows the drill- park at the Paulínia Refinery (REPLAN). helped solidify the Lean manufacturing meth-
ing of four production wells and three horizontal With this project, REPLAN will be able to odologies employed at its Rio Manufacturing
injection wells in the Frade Field. In this same produce 100% of low-sulphur diesel oil (S-10) Hub, improving safety and quality, while reduc-
decision, the ANP also authorised the immedi- and increase the production of jet fuel, aiming to ing waste and costs.
ate resumption of water injection in two existing meet the specifications and quantities demanded TechnipFMC, June 30 2021
injection wells, until the beginning of the new by the future market, in an economical way,
injection wells’ operation (or one year). with operational safety and lower impacts to the PGS secures 4-D contract
The first phase of the Frade Field drilling environment.
campaign includes the drilling of one produc- The new diesel hydrotreatment unit will have offshore Guyana
tion well and two injection wells, expected to a production capacity of 10,000 cubic metres
start between Q4-2021 and Q1-2022. After the per day of S-10 Diesel and is scheduled to start PGS has been awarded a significant 4-D acquisi-
conclusion of this phase, the Company intends operating in 2025, in line with the 2021-2025 tion contract by ExxonMobil for work offshore
to initiate the Wahoo development. Strategic Plan. Guyana. A Titan class vessel is scheduled to
The Company will keep the market informed Inaugurated in May 1972, REPLAN is Brazil’s mobilise for the project in Q4-2021 and acquisi-
of any material facts related to this subject. largest refinery in terms of processing capacity, tion is planned to be completed in Q1-2022.
The Frade field is located about 118 km off with a load of 69,000 cubic metres per day of oil “We acquired the 4-D baseline of this area
the north coast of the state of Rio de Janeiro, at a (equivalent to 434,000 bpd), located in the city of and consider it strategically important for us to
water depth of between 1,050 and 1,300 metres. Paulínia-SP, 118 km from São Paulo. be awarded a repeat survey for parts of the initial
Production started in June 2009. PetroRio joined Petrobras, June 28 2021 programme. We are very pleased with the recog-
the concession in October of 2018 when it nition of our Ramform acquisition platform and
acquired Frade Japão Petróleo Ltda, which held superior multi-sensor GeoStreamer technology,
SERVICES which are well suited for high-quality 4-D acqui-
sition programmes. The contract adds further
TechnipFMC awarded subsea visibility to our order book for the coming winter
season,” says President and CEO in PGS, Rune
contract for Petrobras’ Olav Pedersen.
PGS, June 28 2021
Buzios 6-9 fields

TechnipFMC has been awarded a substantial SBM Offshore completes
subsea contract by Petrobras for the Búzios 6-9 $1.05bn financing of
fields. Located in the Santos basin offshore Bra-
zil, these fields are part of the pre-salt area, with Prosperity FPSO
a water depth of 2,000 metres.
TechnipFMC will supply subsea trees with SBM Offshore is pleased to announce it has com-
controls, electrical and hydraulic distribution pleted the project financing of FPSO Prosperity
units, topside systems, and installation and for a total of $1.05bn.

Week 26 01•July•2021 www. NEWSBASE .com P15