Page 11 - LatAmOil Week 48 2022

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The Búzios field may see production rise to 2mn bpd by 2030 (Image: Petrobras)

CPBL announced that it was opting to increase specifically, it will split the Búzios Shared Res-
its holdings in the project in late September of ervoir between Petrobras, with 88.99%; CPBL,
2021 and then made a payment to Petrobras as with 7.34%; and CNODC, with 3.67%.
agreed late last month. In a separate statement, Búzios is one of the largest deepwater oil-
Petrobras said the CNOOC subsidiary had fields in the pre-salt section of the offshore San-
delivered the sum of BRL10.3bn ($1.99bn) on tos basin, covering an area of 416 square km. The
November 24. field sits approximately 200 km off the coast of
As of December 1, 2022, Petrobras said, Rio de Janeiro State and in waters ranging from
equity in the Búzios TOR surplus volumes PSC 1,600 to 2,100 metres deep. It is currently yield-
will be split 85% to the Brazilian NOC, 10% to ing almost 700,000 barrels per day (bpd) of oil
CPBL and 5% to CNODC Brasil Petróleo e Gás on average and is expected to see production
Ltda (CNODC). The latter company is 50% rise to 2mn bpd by 2030, equal to 70% of Brazil’s
owned by China National Petroleum Corp. current national production levels.
(CNPC) and 50% owned by CNPC’s main The sales transaction comes a month after
upstream subsidiary PetroChina. Petrobras ordered a 10th floating prodution,
The transaction will also redistribute equity storage and off-loading (FPSO) unit to oper-
in the Búzios Shared Reservoir, which includes ate in the field. With a capacity to produce up
the portions of the field covered by the TOR to 225,000 bpd, this FPSO is scheduled to start
agreement and the BS-500 concession agree- operating in 2026 and will help in the pursuit of
ment, which is 100% owned by Petrobras. More the state-owned company’s production goals. ™

Norway’s Kanfer Shipping will supply ships

for Nimofast’s LNG hub in Paraná state

NORWAY’S Kanfer Shipping has agreed to sup- LNG shipping and bunkering solutions to sup-
port Nimofast Brasil, a trading company based port the import and distribution terminal it is
in Curitiba, in its efforts to establish an LNG hub establishing in the state of Paraná. These solu-
for small- and medium-scale buyers on the Bra- tions will allow the Brazilian partner to sell and
zilian coast. deliver LNG cargoes of any volume to any loca-
Kanfer explained in a statement last week tion along Brazil’s coast.
that the two companies would be working The Brazilian company has said it intends
together under a newly signed strategic part- to set up the terminal on the basis of a floating
nership agreement. Under this document, the storage unit (FSU) that will be permanently
Norwegian company will help Nimofast secure anchored at a port in Paraná.

Week 48 30•November•2022 www. NEWSBASE .com P11