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In Building an Open and Competitive Market, Petrobras Signs Contract with Chinese Oil Company for Gas Flow and Processing in the Pre-Salt of the Santos Basin
Aiming to build an open and competitive market, Petrobras signed on December 27 a contract for the Integrated Natural Gas Processing System (SIP) with CNOOC Petroleum, the largest oil company in China.
Together with Petrogal Brasil, Repsol Sinopec Brasil, and Shell Brasil, partners in the offshore pipelines of the pre-salt Santos Basin, it has completed the process for CNOOC’s adherence to the existing contracts of the Integrated Natural Gas Flow System of the Santos Basin (SIE-BS).
With the signing of these contracts, starting from 01/01/2023, the Chinese oil company will be able to flow natural gas from the Búzios field, located in the pre-salt of the Santos Basin, through any of the export routes of the SIE-BS and process it at Petrobras-owned plants, enabling direct supply to the natural gas market by CNOOC.
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Petrobras Encourages the Development of an Open, Competitive, and Sustainable Natural Gas Market in Brazil
The signing of the contract represents another step by Petrobras in building an open, competitive, and sustainable natural gas market and is part of the commitments made to the Administrative Council for Economic Defense (CADE) in July 2019.
The SIE-BS comprises Routes 1, 2, and 3 for the flow of the pre-salt hub of the Santos Basin, and the SIP includes the processing plants connected to the SIE-BS, owned by Petrobras, located in Caraguatatuba, São Paulo, Cabiúnas, and Itaboraí (under construction), both in Rio de Janeiro.
In addition to the SIE-BS and SIP, Petrobras has also shared, since 2022, with Potiguar E&P (a subsidiary of PetroReconcavo) the Guamaré Natural Gas Flow System (SEG Guamaré) and the natural gas processing plant at UPGN Guamaré.
