Bahia Gas Company Signed Contracts with Giants Shell, Galp, Petrobras, and Equinor for Natural Gas Supply

Besides The Multinationals Shell, Galp, and Equinor, The Brazilian Oil Giant Petrobras Also Signed A New Contract With The Bahia Gas Company For Supply Of The Input Starting In January

As of January 1, 2022, the Bahia Gas Company – Bahiagás, which has always had Petrobras as its supplier, will begin receiving natural gas from new companies. Contracts with the multinationals Shell, Galp, and Equinor, winners of the Public Call initiated last June, have already been signed and will come into effect at the beginning of the year. In parallel, as a result of bilateral negotiations, contracts have been signed with PetroReconcavo and Origem, which will also start in 2022.

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Bahiagás, Which Has Always Had Petrobras As Its Main Supplier, Will Begin Receiving Natural Gas From Eight Different Companies, Including Giants Shell, Galp, And Equinor

In addition to them, Petrobras, Which Also Participated In The Public Call And Was Already Acting As A Supplier To Bahiagás, Will Sign A New Contract With The Company For Supply Starting In January. The State Company’s entry among the winners of the selection process came after the withdrawal of Compass, which had been among those selected.

With the new contracts, Bahiagás, which since the beginning of its activities has had Petrobras as its main supplier, will start receiving natural gas provided by eight different companies, including the state company. This means that starting next year, more than 70% of the energy acquired by Bahiagás will be delivered by new suppliers, with about 26% of it coming from onshore production in Bahia.

The Secretary of Infrastructure of Bahia, Marcus Cavalcanti, believes that with the signing of the contracts, the price of gas can become more competitive and stimulate the state’s economy. “As part of the state government’s public policy to seek natural gas suppliers at lower prices, Bahiagás conducted a Public Call and was able to offer the gas molecule at a better value to the people of Bahia and especially to industries, which are the largest consumers. The government’s guideline for Bahiagás to acquire natural gas from onshore wells and fields also allowed for the economic viability for small entrepreneurs to acquire wells at auctions by the National Petroleum Agency (ANP) or directly from Petrobras, through the asset demobilization plan,” emphasizes the secretary.

“We are ending the year with yet another success in the supply area. After our last Public Call, we have eight suppliers and nine contracts signed. With this, we have the most diversified natural gas acquisition portfolio in the country and are less dependent on Petrobras,” highlighted Bahiagás President Luiz Gavazza.

The Bahia Gas Company Is A Pioneer In Brazil In The Process Of Diversifying Natural Gas Supply Sources

Bahiagás is a pioneer in the country in the process of diversifying natural gas supply sources. In 2007, the Company signed its first contract with an independent producer, the ERG Consortium, which explored a well on Itaparica Island, Bahia.

Additionally, Bahiagás was the first state concessionaire of piped natural gas to conduct a Public Call for the acquisition of the energy. The initiative caught the market’s attention and served as a reference for other distributors in the segment to conduct new public calls.

“Since then, we have been experimenting and developing this tool for the acquisition of natural gas at more competitive prices and conditions. The practice has worked so well that in 2021 we concluded our fourth Public Call,” added Gavazza.

After Petrobras Celebrates And Sees Gross Debt Of Over 160 Billion Dollars Plummet To 59.6 Billion, State Company Recovers R$ 6.17 Billion

After Petrobras celebrated on November 16 the significant reduction in the value of interest and charges on its financial debt, and saw its gross debt of over 160 billion dollars plummet to 59.6 billion, the state company informed yesterday (28/12) in a material fact to the market that it ended the year 2021 with around R$ 6.17 billion accumulated in recovered funds through leniency agreements, repatriations, and plea bargains.

Gross debt of over 160 billion dollars of Petrobras plummets to 59.6 billion and the state company achieves a goal set more than a year ahead of schedule! The debt that seemed unpayable for Petrobras: in 2014, expenses reached values of around US$ 1.7 billion per quarter; the significant reduction is a demonstration of the financial rebalancing process achieved by the Brazilian oil giant.

The Petrobras informed the market in a relevant fact on November 16 that it is significantly reducing the value of interest and charges on its financial debt. Expenses with these financings fell to US$ 669 million in the 3rd quarter of 2021, about 31.1% lower than the US$ 971 million spent in the 3rd quarter of 2020. When comparing the first nine months of 2021 with the same period last year, the reduction obtained was also significant: a drop from approximately US$ 2.8 billion to about US$ 2.3 billion, a reduction of 17.9%.

Petrobras Calls For 757 Job Vacancies And Offers Minimum Initial Compensation Of R$ 11,716.82

The vacancies are for professionals with training in the areas of Data Science, Systems Analysis (software engineering, infrastructure, and business processes), Environmental Engineering, Petroleum Engineering, Equipment Engineering (electrical, electronic, inspection, mechanical, terminals, and pipelines), Processing Engineering, Civil Engineering, Process Safety Engineering, Labor Safety Engineering, Naval Engineering, Commerce and Supply Analysis, Maritime Transport Analysis, Geophysics (Physics, Geology), Geology, Economics, and Administration. The selected candidates may work in any area or unit, depending on Petrobras’ needs. 

Benefits: Petrobras offers complementary pension (optional), health plan (medical, hospital, dental, psychological, and pharmacy benefit), as well as educational benefits for dependents, among others. The minimum initial compensation is R$ 11,716.82.

Enrollment: The enrollment fee is R$ 79.83 (seventy-nine reais and eighty-three cents). Information about registrations, the complete notice, number of vacancies for each area, cities of exams, requirements, and compensation can be consulted HERE.