Page 11 - LatAmOil Week 43 2022

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Additionally, ANP named the largest single pro- Meanwhile, ANP’s data also showed that
ducing well as 7-ATP-6-RJS, a development well total hydrocarbon production had gone up by
connected to the P-70 FPSO at the Atapu field. about 2.04% month on month on the August fig-
The well yielded some 65,000 boepd in Septem- ure of 3.967mn bpd. Oil output rose by around
ber, it stated. 1.99% m/m and gas output by 2.22% m/m. ™

OnCorp to build LNG import

terminal in north-eastern Brazil

OnCorp, a private Brazilian company, has been anchored offshore, as the terminal can be built
named as the winner of a tender for a contract more quickly at an onshore site. They have also
to build an LNG import terminal at the port of speculated that the facility might eventually
Suape in Pernambuco State. become a hub for LNG imports into north-east-
The Pernambuco state government ern Brazil. Copergas, the gas distribution com-
announced last week that OnCorp’s bid had won pany owned by the state government, has said
out over four competing offers. It did not reveal it wants to market the gas delivered via the new
all the terms of the company’s proposal, but terminal to customers in north-eastern states.
Argus Media noted that the value of the contract Currently, OnCorp is only equipped to sup-
has been estimated at BRL220mn ($41.46mn). ply fuel to Copergas. It has agreed to link its
It also said that the company had agreed to pay terminal to that company’s pipeline network
the state administration BRL6.3mn ($1.19mn) to facilitate shipments of gas supplied by Shell
for the right to lease pier facilities in Suape for a (UK) under an agreement signed in 2020. But
period of 48 months. that agreement leaves the terminal with spare
As the winner of the tender, OnCorp will be capacity, as Copergas is slated to receive just
expected to establish a regasification terminal 750,000 cubic metres per day of gas from Shell
capable of handling the equivalent of 4-9mn in 2023 and 1 mcm per day of gas in 2024.
cubic metres per day of LNG. The terminal OnCorp will eventually gain the ability to
will consist of a floating storage and regasifica- serve other customers, however. It is looking
tion unit (FSRU), and the Brazilian company to establish a connection to another pipeline
revealed in its proposal last year that it had network – Transportadora Associada de Gas
already signed a leasing contract for such a ves- (TAG), a 4,500-km transport system formerly
sel, Argus Media stated. controlled by the national oil company (NOC)
Pernambuco authorities have said they Petrobras and now owned by France’s Engie.
want the FSRU to be installed at an existing This link would give access to a much wider
mixed-use pier in the port of Suape rather than range of customers. ™

The FSRU will be installed at the existing multiple-use pier (CMU) facility in the port of Suape (Image: suape.pe.gov.br)

Week 43 26•October•2022 www. NEWSBASE .com P11