Page 11 - LatAmOil Week 22 2022
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LatAmOil                                       SURINAME                                            LatAmOil



                         The offshore site has already been subjected to   favour of development, as the block appears to
                         exploration drilling, and several discoveries   contain enough crude oil to make commercial
                         have been made within the block.     oil production economical.
                           The Staatsolie chief did not say whether the   “TotalEnergies told us that they now have
                         French major had given any indication as to   sufficient reserves,” he told Reuters during the
                         when this might happen.              interview. “As you know, you can only produce
                           But he did state that the Surinamese author-  if you have sufficient reserves. So actually, that’s
                         ities expected the French major to decide in   the most encouraging thing that we’ve heard.” ™



                                                        BRAZIL
       Petrobras strikes deal on sale of LUBNOR






                         BRAZIL’S national oil company (NOC) Petro-  off non-core assets in order to concentrate on
                         bras reported last week that it had agreed to sell   upstream projects. This plan is designed to help
                         another downstream asset – namely, the Refi-  the NOC focus on offshore exploration and
                         naria Lubrificantes e Derivados do Nordeste   development work in the pre-salt zone, which
                         (LUBNOR) plant in Ceará state – within the   contains large amounts of both crude oil and
                         framework of its privatisation progrmme.  natural gas.
                           In a statement, Petrobras said it had signed   The LUBNOR refinery is located in For-
                         a sales contract with Grepar Participações, a   taleza, a town in Ceará State. It has a through-
                         corporate entity jointly owned by Grecor Inves-  put capacity of 10,400 barrels per day (bpd) and
                         timentos em Participações Societárias, Greca   is one of Brazil’s top producers of asphalt. The
                         Distribuidora de Asfaltos and Holding GV Par-  plant “is the only refining unit in the country
                         ticipações. The contract provides for Grepar,   to produce naphthenic lubricants,” Petrobras
                         part of Brazil’s privately owned Greca Asfaltos   noted in its statement. ™
                         Group that focuses on asphalt manufacturing,
                         to buy the LUBNOR plant and associated assets,
                         the statement said.
                           Petrobras reported that Grepar had agreed to
                         pay the sum of $34mn for LUBNOR. The com-
                         pany paid $3.4mn on May 25, the date of the
                         signing of the contract, and is due to pay another
                         $9.6mn on the date when the transaction closes,
                         it said. It will then be due to remit the remaining
                         $21mn, not including contractual adjustments,
                         as deferred payments, he said.
                           It is not yet clear when the transaction will be
                         finalised. The deal must be approved by CADE,
                         Brazil’s national anti-trust agency, before it goes
                         forward, the statement said.
                           It pointed out that LUBNOR would be the
                         fourth refinery from Petrobras’ portfolio to be
                         sold since the announcement of plans to hive   LUBNOR has a capacity of 10,400 bpd and manufactures asphalt (Photo: Petrobras)



       NFE, Ebrasil sell shares in



       LNG-to-power project to Eneva






                         US-BASED New Fortress Energy (NFE) and its   company Eneva.
                         Brazilian joint venture partner Ebrasil Energia   NFE announced the joint venture’s plans in
                         have agreed to sell the Porto do Sergipe thermal   a statement dated June 2, saying that the part-
                         power plant (TPP), the keystone of an LNG-to-  ners had entered into a definitive share purchase
                         power project, to the privately owned Brazilian   agreement with Eneva.



       Week 22   02•June•2022                   www. NEWSBASE .com                                             P11
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