Page 16 - LatAmOil Week 36 2021

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INVESTMENT of the state of Rio de Janeiro, in water depths TotalEnergies, which is already the field opera-
ranging from 1,000 to 1,500 metres. The fields’ tor, will hold 45%. The other partners in the field
Petrobras releases production, in 2020, was approximately 5,000 are Shell Brasil Petróleo (30%) and Repsol Sino-
barrels per day (bpd) of oil and 918,000 cubic pec Brasil (25%).
teaser of E&P assets metres per day of gas. Petrobras holds a 100% merly Total SE) is a global integrated energy
About TotalEnergies: TotalEnergies (for-
stake in both fields.
in the Santos Basin Petrobras, September 8 2021 producer and supplier, one of the leading inter-
national companies in the oil and natural gas
Petrobras informs that it has started the oppor- Petrobras concludes the industry and an important low carbon energy
tunity disclosure stage (teaser), referring to the player. In 2016, Petrobras and TotalEnergies
sale of the totality of its stake in the Uruguá and transfer of rights of its began a strategic partnership involving the
Tambaú fields, belonging to the BS-500 conces- assignment of stakes in exploration and produc-
sion, located in the Santos Basin, in the state of stake in the Lapa field tion assets, technological cooperation agree-
Rio de Janeiro. ments and other initiatives.
The teaser, which includes key information Petrobras, following up on the release disclosed Petrobras, September 1 2021
about the opportunity, as well as the eligibility on December 21, 2018, informs that it has final-
criteria for the selection of potential participants, ised the transfer of rights of its 10% interest in the
is available on the Petrobras´ Investor Relations Lapa field to TotalEnergies. FINANCE
website. The main subsequent stages of the pro- The operation, which also involves the assign-
ject will be reported to the market in due course. ment of the totality of the interest held by Petro- Moody’s maintained the
This disclosure is in accordance with Petro- bras Netherlands BV (PNBV) in Lapa Oil & Gas
bras’ internal rules and with the provisions of BV, a company incorporated in the Netherlands, rating of Ecopetrol and
the special procedure for assignment of rights to was concluded with the payment of $49.4mn to
exploration, development and production of oil, Petrobras, already with the adjustments foreseen changed its outlook
natural gas and other fluid hydrocarbons, pro- in the contract.
vided for in Decree 9,355/2018. This transaction represents another step in Ecopetrol reports that the rating agency Moody’s
This transaction is in line with the company’s the strategic partnership between Petrobras and Investors Service affirmed Ecopetrol’s credit rat-
strategy of portfolio optimisation, debt reduc- TotalEnergies and is aligned with the strategy of ing at Baa3 and changed its outlook from Stable
tion, and capital allocation improvement, as it portfolio optimisation and the improvement of to Negative.
increasingly concentrates its resources in world- the Petrobras’ capital allocation, aiming at value Moody’s considers that the acquisition of
class assets in deep and ultradeep waters, where maximisation. 51.4% of the outstanding shares of Interconexión
Petrobras has shown a great competitive edge This disclosure is in accordance with Petro- Eléctrica SA ESP (ISA) will contribute to a more
over the years. bras’ internal rules and with the applicable stable EBITDA of the Ecopetrol Group, will
About Uruguá e Tambaú fields: The Uruguá legislation. expand geographic diversification and will allow
and Tambaú fields belong to the BS-500 con- About Lapa field: The Lapa field (BM-S-9A the reduction of the carbon emissions/EBITDA
cession, which was acquired through the Zero block) is located in the Santos Basin pre-salt. Its ratio. The change in the outlook, however, occurs
Round of the National Agency of Petroleum, average production in the first half of 2021 was as a consequence of the temporal increase in the
Natural Gas and Biofuels (ANP). The fields are 50,700 boepd, of which 5,070 boepd is Petro- leverage indicators and the potential refinanc-
located in the northern portion of the Santos bras’ share. With the closing of this transaction, ing risk related to the credit loan obtained with
Basin, between 140 and 160 km off the coast Petrobras will have no more stakes in Lapa, while international banks with a maturity date in 2023.
Ecopetrol is the largest company in Colombia
and one of the main integrated energy compa-
nies in the American continent, with more than
17,000 employees. In Colombia, it accounts for
more than 60% of hydrocarbon production,
and most of the hydrocarbon transportation,
logistics, and refining systems, and has leading
positions in petrochemicals and gas distribution.
With the acquisition of 51.4% of ISA’s shares, it
participates in energy transmission, manage-
ment of real-time systems (XM) and the Con-
cesión Costera Barranquilla-Cartagena.
At the international level, Ecopetrol focuses
on strategic basins on the American conti-
nent, with E&P operations in the United States
(the Permian basin and the Gulf of Mexico),
Brazil and Mexico, and through ISA and its
subsidiaries it has leading positions in the trans-
mission business in Brazil, Chile, Peru and
Bolivia, in road concessions in Chile, and in
telecommunications.
Ecopetrol, September 1 2021

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