Page 15 - LatAmOil Week 29 2020

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These 10 sites are located in the shallow part of of assets, including eight Brazilian, in the 2020-
the Campos Basin offshore Rio de Janeiro State, 2024 period.
and they continue to produce more than 22,000 As part of the divestment campaign, the
barrels per day (bpd) of oil from four platforms, firm may sell sections of Marlim, one of Brazil’s
according to Trident Energy. largest oilfield, as well as its majority stake in the
Once the deal is finalised, Trident Energy will smaller Papa-Terra Field and other assets. The
become the operator of the concessions with a sales, along with other cost-cutting measures,
100% interest. “This acquisition marks the entry have the potential to boost Petrobras’ equity
of Trident Energy in Brazil and is in line with value by roughly 45% by 2021. ™
its strategy to acquire and operate large mid-
life assets globally,” the company said in a press
statement.
It also said that the acquisition marked a
“major milestone” for the company and that it
had identified a “large number of attractive pro-
jects” at the fields. These projects will serve to
extend the cluster’s life and rejuvenate produc-
tion operations there.
“This is a transformational acquisition,” it
added.
Trident first agreed to acquire the fields in
July of last year. The company is also active in
Equatorial Guinea, where it has licences for two
producing fields and three exploration blocks.
Petrobras sold the cluster within the frame-
work of a wider effort to shed non-core assets
and focus on the development of upstream assets
in the promising pre-salt zone. Last December,
the NOC said it hoped to sell $20-30bn worth Trident has acquired 10 fields in the Campos basin (Image: ANP)

Petrobras halts aviation gasoline imports

BRAZIL’S state-run oil firm Petrobras has – to suspend their sales of the product, the news
stopped importing aviation gasoline (avgas) as a agency said.
preventative measure, following tests on a batch Petrobras had previously said that its avgas
flagged for potential problems. imports complied with all requirements
The company took this step after chemical imposed by the National Agency of Petroleum,
tests carried out on a batch of imported avgas Natural Gas and Biofuels (ANP), Brazil’s oil
raised questions about quality, according to regulator.
Reuters. The tests caused fuel distributors – Nevertheless, internal tests led the company
including the country’s largest distributor, to announce that it had noticed some chemi-
BR Distribuidora, which is partly owned by cal differences between the imports and other
Petrobras, and the privately owned Raizen batches..

Chemical tests raised questions about the quality of imported avgas (Photo: AINonline)

Week 29 23•July•2020 www. NEWSBASE .com P15