After Closing Contract With Petrobras, Chinese Oil Company Now Has Access to the Integrated Natural Gas System of the Pre-Salt Búzios

Escrito por Paulo Nogueira

Publicado em 29/12/2022 às 05:03

Fonte: André Ribeiro/Agência Petrobras

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The Adherence Process of CNOOC Oil Brazil to Existing Contracts of the Integrated Natural Gas Transport System of the Santos Basin Was Finalized, and Both Companies Signed the Contract of the Integrated Natural Gas Processing System (SIP) (SIE-BS).

According to a note from Petrobras released to the market on Monday (27), these agreements will allow CNOOC to directly supply the natural gas market by unloading natural gas from the Búzios field in the pre-salt of the Santos Basin via any of the export routes of the SIE-BS, and processing it in plants operated by Petrobras.

This Contract Between Petrobras and CNOOC Will Officially Start on January 1, 2023.

Petrobras stated that this is another step taken in the development of an open, competitive, and sustainable natural gas market and is part of the set of commitments made to the Administrative Council for Economic Defense (CADE) in July 2019.

The SIE-BS is formed by Routes 1, 2, and 3 for the transport of the pre-salt Cluster 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, which is under development, all in Rio de Janeiro.

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In September 2021, it was reported that CNOOC had expressed interest in acquiring a larger stake in the Búzios field. The Chinese giant expressed interest after exercising the right to buy an additional 5% stake in the Production Sharing Contract (PSC) of Excess from the onerous assignment.

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Almost US$ 2 billion were recently transferred to Petrobras by CNOOC for the purchase of a larger stake in the field.

For the Búzios field, Petrobras recently began awarding contracts for operation. Therefore, they agreed that Sembcorp Marine Rigs & Floaters from Singapore would build the FPSO P-82 for use in the field.

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After Closing Contract With Petrobras, Chinese Oil Company Now Has Access to the Integrated Natural Gas System of the Pre-Salt Búzios

The Adherence Process of CNOOC Oil Brazil to Existing Contracts of the Integrated Natural Gas Transport System of the Santos Basin Was Finalized, and Both Companies Signed the Contract of the Integrated Natural Gas Processing System (SIP) (SIE-BS).

This Contract Between Petrobras and CNOOC Will Officially Start on January 1, 2023.

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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After Closing Contract With Petrobras, Chinese Oil Company Now Has Access to the Integrated Natural Gas System of the Pre-Salt Búzios

The Adherence Process of CNOOC Oil Brazil to Existing Contracts of the Integrated Natural Gas Transport System of the Santos Basin Was Finalized, and Both Companies Signed the Contract of the Integrated Natural Gas Processing System (SIP) (SIE-BS).

This Contract Between Petrobras and CNOOC Will Officially Start on January 1, 2023.

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