Page 16 - LatAmOil Week 26 2021

LatAmOil NEWS IN BRIEF LatAmOil

The project financing was secured by a consor- responsible for processing 100% of the cluster
tium of 11 international banks. The Company gas and generating NGL.
expects to draw the loan in full, phased over the Petro+ is a Brazilian energy integration
construction period of the FPSO. The financ- company involved in the exploration, produc-
ing will become non-recourse once the FPSO tion, and marketing of oil and natural gas from
is completed and the pre-completion guarantee onshore fields and in thermoelectric power gen-
has been released. The project loan has a tenor of eration projects. Currently, the Petro+ Group
two years post completion, in line with the dura- operates nine concessions in the Espírito Santo,
tion of the charter, and carries a variable interest Potiguar, Recôncavo, and Tucano Sul Basins.
rate plus 1.60%. The investment fund PSS Energy Fund, man-
The Prosperity FPSO will utilise a design that aged by Prisma Capital, is Petro+’s controlling
largely replicates the design of the Liza Unity shareholder.
FPSO. As such, the design is based on SBM Petrobras, June 30 2021
Offshore’s industry leading Fast4Ward® pro-
gramme that incorporates the Company’s new
build, multi-purpose hull combined with several actions related to illegal acts investigated by FINANCIAL
standardised topsides modules. The FPSO will Operation Car Wash.
be designed to produce 220,000 bpd of oil, will Petrobras, June 25 2021 Petrobras announces pricing
have associated gas treatment capacity of 400mn
cubic feet per day and water injection capacity of of public offering of BR
250,000 bpd. The FPSO will be spread moored INVESTMENT
in water depth of about 1,900 metres and will be shares
able to store around 2mn barrels of crude oil. Petrobras comments on
The project is part of the Payara develop- Petrobras, following the material facts dated as
ment which is the third development within the sale of E&P assets in August 26, 2020, June 11, 2021, and June 17,
the Stabroek block, circa 200 km offshore Guy- 2021, informs its shareholders and the gen-
ana. Esso Exploration and Production Guy- Alagoas eral public that, it has approved, at its Board of
ana, an affiliate of ExxonMobil, is the operator Directors meeting, the price per common share
and holds a 45% interest in the Stabroek block, Petrobras, following up on the release disclosed issued by Petrobras Distribuidora amounting
Hess Guyana Exploration holds a 30% interest on October 15, 2020, informs that the Compa- to BRL26.00, on the date hereof, in the context
and CNOOC Petroleum Guyana holds a 25% ny’s Board of Directors, in a meeting held today, of the secondary public offering of Shares and
interest. approved the sale of its total interest in a set of held by Petrobras, under the terms of Article
SBM Offshore, June 25 2021 seven onshore and shallow water concessions 6-A of Brazilian Securities Commission (CVM)
called Alagoas Cluster, located in the state of Rule No. 400, dated as December 29, 2003, as
Petrobras comments on Alagoas, to the company Petromais Global amended, and other applicable provisions, with
Exploração e Produção (Petro+). The signing the purpose of placing the Shares abroad pur-
Technip group leniency of the purchase and sale agreement and the sub- suant to the registration exemptions under the
sequent steps will be disclosed to the market in US Securities Act of 1993, in the total amount of
agreement due course. BRL11.35875bn.
The total sale price is $300mn, of which: (a)
No registration of the Offering or Shares will
Petrobras, following up on the release disclosed $60mn to be paid on the contract signing date be carried out in any agency or regulatory body
on June 26, 2020, informs that today it received and; (b) $240mn at the closing of the transac- in the capital markets of any country, except in
the third, and last, installment, in the amount of tion. The amounts do not consider adjustments Brazil, through the CVM. The Shares will not be
BRL 271.1mn, of the leniency agreement entered due until the closing of the transaction, which or have not been registered under the Securities
into by Technip Brasil and Flexibras (companies is subject to compliance with certain precedent Act of 1933 and may not be offered or sold in the
of the Technip Group). conditions, such as approval by the National United States absent registration or an applica-
Petrobras had already received the first two Petroleum, Natural Gas and Biofuels Agency ble exemption from registration requirements.
installments of the agreement, in July 2019 and (ANP). Under the Offering, Petrobras will sell 37.5%
June 2020, totaling BRL 578.3mn. With these The Alagoas Cluster comprises seven produc- of its interest in BR’s capital share, which corre-
amounts, Petrobras exceeds the mark of BRL tion concessions, being six onshore (Anambé, sponds to Petrobras’s total equity holdings in BR.
6bn in funds recovered through collaboration, Arapaçu, Cidade de São Miguel dos Campos, The Shares will be traded on the São Paulo
leniency and repatriation agreements. Furado, Pilar, and São Miguel dos Campos) Stock Exchange (B3 – Brasil, Bolsa, Balcão) on
These reimbursements arise from Petrobras’ and the Paru field concession located in shallow July 2, 2021, and the Shares’ settlement will take
status as a victim in the crimes investigated in waters, with a water depth of 24 meters. place on July 5, 2021.
Operation Car Wash. The company reaffirms The cluster average production from January This transaction aims to optimise Petrobras’
its commitment to adopt the appropriate meas- to May 2021 was 1,900 bpd of oil and condensate portfolio and capital allocation and it is con-
ures, in search of adequate compensation for the and 602,000 cubic metres per day of gas, generat- sistent with its strategy to exit the distribution
resulting losses that were caused. Petrobras is is ing 900 bpd of NGL (natural gas liquids). business and focus its investments in world-class
co-plaintiff with the Federal Prosecutor’s Office In addition to the fields and their produc- refining and upstream assets in deep and ultra-
and the Federal Government in 21 ongoing tion facilities, the Natural Gas Processing Unit deep waters, where Petrobras has demonstrated
administrative improbity actions, in addition of Alagoas, whose processing capacity is 2 mcm its competitive advantage.
to being an assistant prosecutor in 79 criminal per day, is included in the transaction, which is Petrobras, June 30 2021

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