PetroRecôncavo negotiates gas supply

5/16/2019

PetroRecôncavo is negotiating a supply of natural gas to Potigás, the energy distributor in Rio Grande do Norte. The input would come from the fields acquired by the company in the Potiguar Basin last month, in a transaction of R $ 1.5 billion closed with Petrobras.

As the acquisition of the 34 assets was closed after the deadline for submitting a proposal to supply the Northeast’s public call, which ended on 12/4, it is an isolated transaction.

“We are going to take advantage of the opportunities that can be opened with the new design of the natural gas market in the country,” Marcelo Campos Magalhães, president of the oil company, told Petróleo Brasileiro.

PetroRecôncavo purchased the fields Acauã, Asa Branca, Baixa do Algodão, Boa Esperança, Baixa do Juazeiro, Brejinho, Cachoeirinha, Cardinal, Colibri, Fazenda Curral, Fazenda Junco, Fazenda Malaquias, Jaçanã, Janduí, Juazeiro, Lorena, East of Poço Xavier Pampas, Paturi, Poço Xavier, Forquilha River, Mossoró River, Sabiá, Sabiá Bico de Osso, Sabiá da Mata, Sibite, Três Marias, Trinca Ferro, Upanema and Varginha.

All concessions are 100% Petrobras, with the exception of Cardeal and Colibri – in which Petrobras holds a 50% stake, with Partex as operator with a 50% stake – and Sabiá da Mata and Sabiá Bico-de-Osso fields , where Petrobras has a 70% stake, in partnership with Sonangol (30%).

Currently, the only gas supplier of the distributor is Petrobras. The average value of the contract is US $ 10.72 per million BTU, of which US $ 1.63 / million BTU for transportation and US $ 9.08 / million BTU for the molecule.

 

Source: Brazil Energy Magazine

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