Page 15 - LatAmOil Week 43 2022

LatAmOil NEWS IN BRIEF LatAmOil

Tariffs are governed by the Service Contracts Assignment of Atapu and Sepia. achieved despite the scheduled shutdowns of
and a portion of such tariffs is indexed to US The already foreseen impact of these events 43 days of distillation and coke at REPLAN, in
CPI/PPI. While the existing Service Contracts was positively offset by the good performance of Paulínia, São Paulo, the country’s largest refinery,
expire in December 2022, significant production P-68 and the increase in production (ramp-up) and 33 days at REGAP’s hydrotreatment units,
potential remains in the Blocks. of the FPSO Guanabara. The P-68 platform, in Betim, Minas Gerais. It is also worth noting
New Stratus continues to negotiate with the which operates in the Berbigão and Sururu oil- that, in the first nine months of 2022, eight of the
Government of Ecuador, specifically the Minis- fields (Santos Basin), reached full production company’s refineries have accumulated opera-
try of Energy and Mines on the extension of the capacity on June 21, which allowed the unit to tional availability on par with the best American
rights to the Blocks through a production shar- reach its highest average production in this quar- refiners.
ing contract where the Corporation has commit- ter, of 148,000 barrels per day (bpd) of oil, con- With demand still strong, Petrobras sold
ted to a capital expenditure program in excess of firming the good performance of the wells and 700,700 tonnes of asphalt in the domestic market
CAD250mn. the platform. Also, on October 8, the platform in the third quarter of 2022, the highest volume
The Blocks include commitments to mini- reached a daily production record of 161,000 in a quarter since 2014. It also achieved a quar-
mise the environmental impact of operations, to barrels, above nominal capacity due to the opti- terly record in asphalt production since 2014,
maintain high standards of safety and to under- misations achieved in the production plant. with a total of 697,500 tonnes.
take long-term investments for the benefit of As well as the P-68, the P-70 unit in the Atapu In September, the first sale of R5 Diesel,
local communities. Field and the P-74, P-75, P-76 and P-77 units in made up of 95% petroleum-derived diesel and
Transaction Terms: Pursuant to the terms of the Búzios Field have been able, depending on 5% renewable diesel, was concluded with tech-
the Agreement, the total consideration consists the operational conditions, to produce above nology developed by the Petrobras Research
of a cash payment of approximately $9.31mn their nominal capacity and have been critical for Center, which consists of co-processing in
(CAD12.75mn) subject to adjustment for work- the production performance in 2022. At FPSO hydrotreatment units. Production was carried
ing capital and carryforward payments under Guanabara (Mero Field), which is in production out at REPAR, in Paraná, where the R5 Diesel
the Service Contracts. The Transaction is subject ramp-up, Petrobras carried out the interconnec- had already been produced for testing in Curiti-
to customary closing conditions and is expected tion and start-up of two new oil and natural gas ba’s urban bus fleet.
to close on or before November 30, 2022. production wells and two new gas injection wells The Intensity of Greenhouse Gas Emissions
New Stratus Energy, October 24 2022 in Q3-2022. (IGEE) from the refineries continued to in
As a result, the platform reached an average Q3-2022, with a result of 37.8 kgCO2e/CWT,
production of 65,000 bpd in the quarter. against the 38.9 kgCO2e/CWT of Q3-2021.
PERFORMANCE In line with Q2-2022, total production in the Petrobras, October 25 2022
pre-salt layer was 1.94mn barrels of oil equiva-
Pre-salt oil represents lent, representing 73% of Petrobras’ total pro-
duction. The company followed the market POLICY
73% of Petrobras’ total development work for pre-salt oil, focusing on Ecopetrol notes new
Atapu and Sépia, which were the last oils added
production in Q3-2022 to Petrobras’ export offering. In this quarter, four
new customers were added, spread across Asia,
The company maintains solid operating perfor- Europe and South America. board appointments
mance: average production was 2.64mn barrels In refining, the total utilisation rate (88%) Ecopetrol informs that at the extraordinary Gen-
of oil equivalent per day (boepd) with an 88% and the yield of diesel, gasoline and QAV eral Shareholder’s Meeting held on October 24,
refinery utilisation rate (66%) remained at high levels, in line with the 2022, its Board of Directors was appointed as
Petrobras maintained a solid operational 2nd quarter of 2022. This quarter’s results were follows.
performance in the third quarter of 2022, with
an average production of oil, LNG and natural
gas of 2.64mn barrels of oil equivalent per day
(boepd), in line with Q2-2022. The total produc-
tion operated by the company reached 3.65mn
boepd in the period, 2.6% above the 2nd quar-
ter of 2022. The total refinery utilisation rate
(RUR) was 88% in the 3rd quarter, the same
level as the results of the previous period. The
data are highlighted in the Production and Sales
Report, released this Monday (October 24) by
the company.
Petrobras’ average production of oil, LGN
and natural gas reached 2.64mn boepd, in line
with Q2-2022. The maintenance of this level is
positive, given that the results for the 3rd quarter
of 2022 already include the impacts of reduced
production from the shutdown for decommis-
sioning and demobilisation of FPSO Capixaba
and the effectiveness of the Production Sharing
Contracts of the Surplus Volumes of Onerous

Week 43 26•October•2022 www. NEWSBASE .com P15