Page 12 - LatAmOil Week 10 2023
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LatAmOil BRAZIL LatAmOil
ANP went on to say that offshore fields had 804,400 bpd of crude and 38.54 mcm per day
accounted for no less than 97.9% of Brazil’s total of gas in the first month of the year, according
oil production and 86% of all gas in January, to agency data.
with 5,153 onshore wells and 508 offshore wells In the meantime, the facility with the highest
in operation. It also noted that 89.98% of total oil and gas yields was the floating production,
output had come from fields operated by Petro- storage and off-loading (FPSO) vessel known as
bras, the national oil company (NOC). the Guanabara, which handled 170,732 bpd of
The biggest producer of both oil and gas crude and 10.97 mcm per day of gas from the
in January was the Tupi field, which yielded shared Mero field in January.
ARGENTINA
Petronas, YPF sign initial land lease deal
on LNG project with Bahia Blanca port
MALAYSIA’S national oil company (NOC) Pet- unit of Petronas signed an agreement on the
ronas and its Argentinean counterpart YPF have joint study and development of an integrated
signed an initial land lease deal with the port of LNG project in Argentina. At that time, they
Bahia Blanca in Buenos Aires Province, a move specified that the project would focus on real-
that will allow them to move forward with plans ising the potential of the country’s Vaca Muerta
to develop a major LNG export facility. shale basin.
Bahia Blanca’s port authority announced the The Argentina GNL project is slated to
signing of the deal in a statement dated February include upstream gas production and the con-
28. It said that its President Federico Susbielles struction of a 600-km dedicated pipeline, infra-
had finalised the agreement at a meeting with structure and gas liquefaction facilities, as well
Petronas’ COO and executive vice president, as marketing and shipping operations. YPF has
Adnan Zainal Abidin, YPF’s chairman and pres- said that the partners are looking at building a
ident, Pablo Gonzalez, and YPF’s CEO Pablo plant capable of turning out about 5mn tonnes
Luliano. per year in the first phase, at a cost of approxi-
According to the statement, the agreement mately $10bn. The facility’s production capacity
gives YPF and Petronas an initial period of six could eventually rise to 25mn tpy, and the port
months to carry out economic, environmental, of Bahia Blanca said in its statement that total
maritime, soil and technical studies to deter- investment in the project could reach $50bn.
mine how to make the project economically YPF and Petronas have not said whether they
viable and internationally competitive. At the have selected any specific fields within the Vaca
end of this period, the firms will submit an appli- Muerta formation to serve as sources of feed-
cation for a long-term concession. stock for the Argentina GNL project. The two
The partners have already begun preliminary companies signed an agreement in 2018 on joint
work on the project, known as Argentina GNL. development of Amarga Chica, an unconven-
Last September, YPF and an Argentina-based tional oil and gas field within the shale basin.
Petronas and YPF signed an agreement on a study of the Argentina GNL project last September (Photo: Petronas)
P12 www. NEWSBASE .com Week 10 08•March•2023
