Page 17 - LatAmOil Week 36

LatAmOil NEWS IN BRIEF LatAmOil

UPSTREAM PetroTal, September 09 2020 the fuel distribution market in Brazil with the
acquisition in December 2018 of Grupo Zema’s
PetroTal provides update on Total resigns as operator in distribution activities. Total thus owns a network
of 280 service stations, as well as several storage
the Bretana oil field the Foz do Amazonas Basin, facilities for petroleum products and ethanol.
Total, September 07 2020
PetroTal expects and is ready to reopen the Bret- offshore Brazil
ana oil field as soon as the ongoing discussions
between the communities and the Government Total has notified its partners on August 19 DOWNSTREAM
of Peru have been ratified, which is expected in about its resignation from its role of operator
the next few days as reported by Government for five exploration blocks, located in the Foz Petrobras marks S-10 Diesel
officials. PetroTal commends the efforts of all do Amazonas Basin, 120 kms offshore Brazil.
parties to reach a negotiated settlement that will The exploration blocks are referenced as FZA- and LPG production record
ultimately benefit the communities, the Peru- M-57, FZA-M-86, FZA-M-88, FZA-M-125 and
vian government, and all operating companies, FZA-M-127. for third month in a row
including PetroTal. Total has informed the National Agency of
On August 28, 2020, the Government of Petroleum, Natural Gas and Biofuels (ANP) of Petrobras informs that, for the third month in a
Peru announced a Supreme Decree approving this decision, that opens a period of 6-months row, it has broken the production record of S-10
the financial Gap Closure Plan within a number during which a new operator will be appointed Diesel, low-sulfur diesel. In August, the compa-
of provinces in northeast Peru, including Loreto, and to whom the operated activities will be ny’s refineries processed 1.84mn cubic metres
the area where PetroTal operates the Bretana oil handed over. During this period, Total has the of the product, a volume slightly higher than in
field. PetroTal welcomes the announcement duty to continue monitoring all regulatory pro- July, when it reached 1.81mn cubic metres, and
that the Decree provides for a six year finan- cesses on behalf of its partners Petrobras and BP. 15% higher than the June mark of 1.6mn cubic
cial commitment of approx. $1.7bn (6bn soles) Total has been present in Brazil for over 40 metres.
to the communities, of which $46mn (162mn years and has more than 3,000 employees in the The S-10 Diesel records follow the evolution
soles) will be designated for economic devel- country. The Group operates in all segments: of heavy-duty and utility vehicle engines pow-
opment of the localities over the next four exploration and production, gas, renewable ered by diesel, which are responsible for most of
months, by the Peruvian government. The energies, lubricants, chemicals, and distribution. the goods circulation in the Brazilian territory.
Decree specifically addresses the local com- Total Exploration & Production’s portfolio Currently, there are two types of road diesel in
munity participation criteria and takes steps currently includes 24 blocks, with 10 operated. Brazil: the S-500 Diesel and the S-10 Diesel, but
to ensure that the funding process is properly In 2019, the Group’s production in the country the S-500 is only used by vehicles manufactured
monitored to ensure maximum benefit to the averaged 16,000 barrels of oil per day. In Octo- until 2011.
communities. The published Decree can be ber 2019, a consortium led by Total was awarded S-10 Diesel Record at Revap: The Henrique
found at https://www.gob.pe/institucion/pcm/ Block C-M-541, located in the Campos Basin, in Lage Refinery (Revap), located in São Paulo, also
normas-legales/1124063-145-2020-pcm. the 16th Bidding Round held by Brazil’s National obtained the monthly production record of S-10
Since the announcement of the Decree, Petroleum Agency (ANP). Diesel. In August, 203.5 thousand cubic metres
which PetroTal strongly supports, government In 2017, Total and Petrobras formed a Stra- were produced, 10% higher than the previous
and municipality representatives have been tegic Alliance encompassing exploration and record of March of this year, when production
consulting with the community representatives production and gas, renewables and power activ- had been 185 thousand cubic metres. The result
on the Decree. After meeting with the Bretana ities. Through the Alliance, the two groups are was obtained due to the increase in the load of
community in the coming days, it is expected implementing R&D projects on topics such as the U-262 diesel hydrotreatment unit, after final
that PetroTal will restart oil production shortly artificial intelligence leading to efficiency gains, approval obtained from the National Agency of
thereafter. with direct applications in Brazil. Total entered Petroleum, Natural Gas and Biofuels (ANP).
In order to fully support the collective efforts
of the communities and the government to
reach an acceptable funding solution, Petro-
Tal remains awaiting government agreements.
PetroTal acknowledges the efforts at all levels of
the Peruvian government to resolve the recent
social disruption and to ensure a long term solu-
tion is in place to minimize future disruptions.
Equally, the Company acknowledges the support
received from the Bretana community.
Further updates on the reopening of the Bret-
ana field and export of oil into the pipeline will be
provided as and when appropriate.
PetroTal’s flagship asset is its 100% working
interest in the Bretana oil field in Peru’s Block
95 where oil production was initiated in June
2018, and in early 2020 became the second larg-
est crude oil producer in Peru with more than
10,000 bopd of production.

Week 35 03•September•2020 www. NEWSBASE .com P17