O fim do Comperj agora é oficial - Petrobras e a CNPC também cancelam um outro negócio em Marlim

The End of Comperj Is Now Official – Petrobras and CNPC Also Cancel Another Deal in Marlim

Written by Paulo Nogueira

Published on 18/12/2019 at 23:01

Updated on 18/12/2019 at 23:17

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If There Was Any Hope for the Resumption of Comperj, It Was Finalized This Wednesday with an Official Note from Petrobras. The State-Owned Company’s Board of Directors Seeks Alternatives for Itaboraí

The economic feasibility study regarding the completion of the Comperj refinery was concluded by Petrobras this Wednesday (18), along with the Chinese company CNPC and its affiliates. The study demonstrated that completing the construction of the refinery does not present economic attractiveness.

Thus, the Petrobras Board of Directors approved the initiation of procedures for canceling the project and requested an assessment of alternatives for the Comperj area, located in Itaboraí, Rio de Janeiro.
Among the alternatives, Petrobras is studying the integration of the Duque de Caxias Refinery (Reduc) with some hibernated units of Comperj for the production of base lubricants and high-quality fuels from intermediate products from Reduc. The products would be sent for processing at Comperj via pipelines.

ARTICLE CONTINUES BELOW

Route 3 Maintained

The implementation of the Integrated Project Route 3, which encompasses the Route 3 gas pipeline, the natural gas processing unit (UPGN), and the necessary utilities for its operation, which will allow the flow of 21 million cubic meters of gas from the pre-salt per day starting in 2021, is maintained.
The projects under study are in line with the 2020-2024 Strategic Plan, which aims to operate competitively in refining and gas activities, and its effective implementation will depend on the completion of the feasibility studies.

Petrobras and CNPC will continue to seek new joint business opportunities, strengthening the bond started in 2013 with the partnership in the Libra area, followed by the acquisition in 2017 of the Peroba Block (together with BP), and recently the right to explore and produce the excess volume from the Transfer of Rights Agreement for the Búzios field.
The company’s decision is aligned with the ongoing optimization of the portfolio and the improved allocation of Petrobras’ capital, aiming to maximize value for its shareholders.

Source: Petrobras

The End of Comperj Is Now Official – Petrobras and CNPC Also Cancel Another Deal in Marlim

If There Was Any Hope for the Resumption of Comperj, It Was Finalized This Wednesday with an Official Note from Petrobras. The State-Owned Company’s Board of Directors Seeks Alternatives for Itaboraí

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