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Brazil oil & gas and marine news highlights from DIT

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16 October 2020

The following market intelligence and news summary has been compiled by the Department for International Trade (DIT):

  • US$ 2 bi in the Campos Basin, offshore Brazil.Amount refers to new development plans submitted by BW, Perenco and Trident to the National Petroleum Agency (ANP). This amount refers only to activities considered firm (mandatory) in the plans submitted to the ANP. Considering the contingent activities, which depend on the development of the projects, this number may double. The fields, coming from Petrobras’ divestment plan, are currently operated by BW Energy (Maromba field), Perenco (Polo Pargo, with three concessions) and Trident Energy (Polos Pampo and Enchova, which contains 10 concessions), all located in the Campos Basin. [Brazil Energy – Contact the Energy Team for further information]

  • Petrobras issues flexible pipe mega tender.The company will acquire up to 566.4 km of flexible pipeline for development projects in the Campos and Santos basins. The equipment will be acquired in the mega-tender recently launched to the market, which has a bid submission date set for January 6, 2021. The pipeline was divided into different packages, 340 km in lot 1 and 226.4 km in lot 2.The company that presents the best proposal in the first package will be ineligible to bid for the other lot. The three tenders will receive bids from October to November. [Brazil Energy – Contact the Energy Team for further information]

  • World-Class operated investment opportunities in the Campos Basin, offshore Brazil. Petrobras is offering prospective buyers the opportunity to acquire a 100% operated working interest in the Albacora offshore deepwater license, or a 90% operated working interest in the Albacora Leste offshore deepwater license, located in the Campos Basin offshore Brazil. With combined OOIP and production of 8.2 Bboe and 77 Mboe/d, the assets represent a material, operated production hub with substantial post-salt revitalization and pre-salt development projects. [Petrobras Investor Relations]

  • PJ Valves, a UK-based manufacturer and supplier of valves, has won contracts to supply valves packages for two Brazil-bound FPSOs, the Marlim 2 and Mero 2. The Marlim 2 FPSO will have the capacity to process up to 70,000 barrels of oil and 4 million cubic meters of natural gas per day. For this FPSO, PJV will deliver a range of butterfly, ball, globe, and check valves supplied in carbon stainless-steel, super duplex, and Nickel aluminum bronze material.The Mero 2 project is a part of the phased development of the giant Mero field in the deepwater Libra block of the pre-salt Santos Basin in water depth of 2,100 meters. [Offshore Engineer]

  • DOF Subsea secures support vessel contract for Brazil’s Mero Field. The company has secured a long-term contract from the Petrobras-led Libra Consortium for operation activities on the Brazilian continental shelf at the Mero field. The Mero field is owned by the Libra consortium, which is operated by Petrobras (40%) and includes Shell Brasil Petróleo (20%), Total E&P do Brasil (20%), CNODC Brasil Petróleo e Gás (10%), and CNOOC Petroleum Brasil (10%). The field is an ultra-deepwater oilfield situated approximately 180km offshore Rio de Janeiro in the Libra block, Brazil. It is located in the pre-salt area of the Santos Basin. [Offshore Technology]

  • Petrobras breaks production record: With 1.89 million m³, Petrobras breaks production record for Diesel S-10 and sales reach 1.91 million m³ in September. The growth has occurred in recent years due to greater demand for the product in Brazil, which follows the evolution of engines for heavy vehicles and utility vehicles powered by diesel, responsible for most of the circulation of goods in the national territory. The record sales of low sulfur diesel reflects the commercial actions implemented by the company with the aim of mitigating the effects of the COVID-19 pandemic on fuel demand and our successful efforts to expand the product offering with less sulfur content, replacing Diesel S-500. [T&B Petroleum]

  • Brazil among the top world oil producers. Leveraged by the pre-salt, Brazil was the fifth country that most increased oil production between 2011 and 2019, in the world. One of the main highlights of oil geopolitics in the decade of 2010, the expectation is that Brazil’s relevance in the global market will increase even more in the coming decades. From 13th largest oil producer in the world in 2011, Brazil advanced to the 10th position in the ranking, becoming the largest producer in Latin America. In all, the country produced in 2019, on average, 2.877 million barrels / day, equivalent to 3% of global production. [Brazil Energy Insight]

 

  • Centre of excellence in Analytics and Artificial Intelligence is created by Petrobras.The objective is to ensure that the volume of information generated daily by the company's operations is processed in a more intelligent and secure manner, contributing to decision making in an agile and assertive manner. The creation of the centre, in line with Petrobras' strategy of investing in digital transformation and innovation to add value to business, also meets the growing demand of the company's internal sectors for digitizing corporate processes. [T&B Petroleum]

  • Port of Imbituba handles 602,700 tons in September and breaks a historical record. The Port of Imbituba (SC) maintained the growth curve of the last few months and closed September with another operational record: 602,737 tons handled, which is now consolidated as the best monthly result in its history. The mark represents a growth of 42.7% in relation to September 2019. The previous record is in June this year, when 602,370 tons were registered. [Portos e Navios – Portuguese Only. Contact the Energy Team for further information]

  • Hidrovias do Brasil confirms a price of R$ 7.56 (£ 1.04) per share in the IPO.In the final prospectus, the company claims to be "one of the largest independent integrated logistics service providers with a focus on waterway logistics in Latin America”.Hidrovias do Brasil's customers include subsidiaries of Vale, Norsk Hydro and Salinas do Nordeste.The total amount raised was R$ 3,019 billion (£ 416,5 million), from more than 399.4 million shares offered [Portos e Navios – Portuguese Only. Contact the Energy Team for further information]

  • EIC Rio: Office Space Available- if you are looking for an office space in Rio, the EIC currently has one office suite available,as well as virtual office and hotdesk services for EIC members. To find out more, please contact João Gabriel Maia(joao.maia@the-eic.com), Office & Events Manager at the EIC for further information,or click here.