Page 14 - LatAmOil Week 24 2022

LatAmOil NEWS IN BRIEF LatAmOil

Subject to applicable law, the Company reserves Petrobras comments on Bahia, jointly called Bahia Terra Cluster.
the right, in its sole discretion, to (i) extend, ter- The company will adopt all reasonable legal
minate or withdraw the Consent Solicitation at injunction to suspend measures to protect its interests and those of its
any time or (ii) otherwise amend the Consent investors.
Solicitation in any respect, including waiving any Bahia Terra Cluster sale Petrobras reinforces the adherence of the
or all of the conditions to the Consent Solicita- Bahia Terra Cluster competitive process to its
tion set forth in the Consent Solicitation State- Petrobras, following the announcement made internal rules and provisions of the special pro-
ment, at any time and from time to time. on June 10, 2022 about the injunction decision cedure for the assignment of rights of explora-
The Company further reserves the right, in issued by the Court of Justice of the State of Rio tion, development and production of oil, natural
its sole discretion, not to accept any deliveries de Janeiro determining the suspension of con- gas and other fluid hydrocarbons, provided for
of consents with respect to the 2027 Notes. The tractual negotiations related to the sale process in Decree 9,355/2018 as well as the importance
Company is making the Consent Solicitation of the Bahia Terra Cluster, informs that the sus- of divestments in its portfolio management.
only in those jurisdictions where it is legal to do pensive effect of the appeal filed against such Petrobras, June 10 2022
so. decision was denied.
Credit Suisse Securities (USA) LLC is acting The company will adopt all reasonable legal
as solicitation agent for the Consent Solicitation. measures to protect its interests and those of its POLICY
GeoPark, June 14 2022 investors.
Petrobras reinforces the adherence of the Petrobras, Raizen sign
Petrobras comments Bahia Terra Cluster competitive process to its agreement on feasibility
internal rules and provisions of the special pro-
on LUBNOR sale cedure for the assignment of rights of explora-
tion, development and production of oil, natural
Petrobras, following up on the release disclosed gas and other fluid hydrocarbons, provided for of biomethane production
on May 25, 2022, informs that the company in Decree 9,355/2018 as well as the importance Petrobras and Raízen have signed an agreement
Grepar Participações, which entered into an of divestments in its portfolio management. to jointly evaluate potential businesses involving
agreement with Petrobras for the sale of the Petrobras, June 15 2022 the production, purchase and sale of biometh-
Lubrificantes e Derivados de Petróleo do Nord- ane, a 100% renewable fuel produced by Raízen
este (LUBNOR) refinery and its associated logis- BW Energy comments from sugarcane waste (vinasse and filter cake),
tics assets, sent a notification informing changes generated in the agro-industrial operations of
in its corporate structure. speculation related to the company’s Energy Bioparks.
Grepar is a company jointly owned by Gre- The partnership also foresees studies for the
cor Investimentos em Participações Societárias, acquisition of Golfinho development of logistics solutions for the deliv-
Greca Distribuidora de Asfaltos and Holding ery of biomethane, to enable its use in Petrobras’
GV Participações. The corporate change will Cluster offshore Brazil refining operations. With characteristics similar
occur through the definitive assignment of all of to natural gas, the product is part of a new gen-
Grepar’s capital shares held by Holding GV Par- BW Energy notes the continued press specula- eration of sustainable fuels (such as R5 diesel,
ticipações to the company Greca Distribuidora tion regarding a potential of acquisition by the with renewable content, and Bio Jet Fuel), in line
de Asfaltos, which will assume all the rights and Group of the Golfinho field in Brazil, which with Petrobras’ decarbonisation strategy and the
obligations of Holding GV Participações estab- Petrobras has in their divestment programme. development of new business opportunities with
lished in the contract for the sale of LUBNOR BW Energy confirms having discussions with lower carbon intensity.
signed with Petrobras. Petrobras for a potential purchase of the Golf- “This project is an opportunity to connect
With the notified change, Grecor Investi- inho Cluster offshore Brazil. This is part of the the production of renewable biomethane with
mentos em Participações Societárias . will keep Group’s continuous consideration of opportuni- the production of high-quality fuels and refinery
its 50% participation and Greca Distribuidora ties to acquire assets in line with the stated strat- products that will thus be obtained with lower
de Asfaltos. will hold the other 50% of Grepar’s egy. The Group can neither confirm nor deny carbon emissions. The initiative reinforces our
capital. that a transaction will take place at this time. commitment to seek economic and sustainable
Clovis Fernando Greca, Grepar’s managing BW Energy, June 14 2022 opportunities that combine value generation
partner, stated: “Grepar remains cohesive and and low carbon, offering better quality and envi-
strengthened, committed to completing the Petrobras reports on ronmentally efficient products,” said Petrobras
transaction and will continue to act to promote CEO José Mauro Coelho.
a cycle of opportunities and growth in LUB- injunction to suspend
NOR, through new investments and seeking a
positive relationship between the refinery and its Bahia Terra Cluster sale
surroundings, benefiting the local community as
a whole.” Petrobras informs that it was notified, on June
Rodrigo Costa Lima e Silva, Petrobras’ Chief 9, 2022, of the preliminary injunction decision
Refining and Natural Gas Officer, highlights: issued by the Court of Justice of the State of Rio
“Petrobras reinforces its commitment to the de Janeiro, determining the paralysis of contrac-
opening of the refining market, expressed in the tual negotiations with the Petrorecôncavo and
Cessation of Practice Agreement entered into Eneva consortium regarding the sale process
with CADE.” of the onshore production fields located in the
Petrobras, June 16 2022 Recôncavo and Tucano Basin, in the state of

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