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REGIONAL REPORTSOUTH AMERICA


joint venture (80 percent Petrobras and 20 percent CNPC) will be created. Petrobras has confirmed that the project


“also includes 20 percent participation of CNPC in the Marlim cluster, which is composed of the Marlim, Voador, Marlim Sul and Marlim Leste fields. Petrobras will hold an 80 percent stake and will keep the operatorship of all these fields. “Marlim crude oil production perfectly


fits the design crude slate to be processed in the Comperj refinery, a world-class and high-conversion heavy oil refinery,” Petrobras observed. Other interesting sectors in Brazil are


There are plenty of opportunities in the energy industry and there is also an explosion in construction, wind farms, thermoelectric facilities and so on. – Pablo Federico Artusi, ALE


suggest that this discovery will lead to new floating production, storage and offloading (FPSO) platforms for those discoveries. Indeed, Petrobras has new oil rigs and FPSOs on order anyway, Keller noted. FPSOs could also be constructed for the


Mero oilfield. This is expected to start in the second half of 2019 or early 2020. According to Artusi: “It is not yet clear


whether these units will be built in Brazil or overseas; the latter is more likely as people are still hesitant because of all the corruption scandals.


FPSO prospects “There is also a project for two FPSOs for the Marlim field in the Campos Basin,” he added. One of the FPSOs will produce around 80,000 barrels per day (bpd) and the other is expected to produce 70,000 bpd. Plus, Bumi Armada is bidding as part of a


consortium with Subsea 7 and Schlumberger to provide an FPSO and subsea infrastructure for Neon field and Goia field, both in the Santos Basin. “We still have a while to wait before the


offshore platforms are commissioned,” Artusi conceded. “We are all hoping this goes ahead.” Meanwhile, Petrobras and China


Fracht moves project cargo for the


Sergipe project – a 1.5 GW natural gas-fired power plant being


developed in Barra dos Coqueiros,


Brazil. It is scheduled to come online in January 2020.


www.heavyliftpfi.com


National Oil and Gas Exploration and Development Company, a subsidiary of CNPC, are preparing to set up a joint venture to improve and operate the Rio de Janeiro Petrochemical Complex (Comperj). Once the feasibility study is complete, the


wind and solar power, Keller added. Contracts have already been signed for the installation of new wind farms in the northeast, with total power of approximately 500 MW. Historically, solar photovoltaic parks have been installed parallel to these wind farms, once the necessary environmental licences have been obtained. There are more solar power plants planned in the southeast of the country too, Keller pointed out. Brazil is also home to an increase in new


thermal power plants (located in the northeast), due to the wide availability of LNG and also to the conversion of old oil- fired thermoelectric plants to gas.


Nuclear plans In terms of nuclear power, Artusi said the most important development in the region will be to finalise the construction of Angra III nuclear power plant and then for Electrobras, the project’s developer, to find a partner. This power station needs investment – “it is only half built” – in order for it to be completed by 2023 as expected. Another nuclear project in the region is


the life extension of Argentina’s Atucha I nuclear power plant for a further 30 years. In addition, the country’s Carem-25 nuclear plant is slated for completion by 2020. There is also a plan to expand refining


facilities to produce higher-quality diesel in 2019/2020, following the implementation of new legislation regulating the lead and sulphur content of diesel used in the country. Plus: “Currently there are lots of projects


for wind farms in Argentina and we expect this to keep growing,” Artusi said. Argentina has lagged behind in terms of renewable energy but is now pushing for self-sufficiency. There are also numerous thermoelectric


power plant projects in Argentina. This is because the government is encouraging self- generation – that is, industrial plants must


January/February 2019 105


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