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RIO DE JANEIRO
YEARS
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South America news Regional update We are happy to announce that Luanna Souza has returned to work after six months of maternity leave, and look forward to all the exciting ideas that she brings to the team as Project Manager – Americas.
LIVE e-vents
Clariss
e Roch
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The year is coming to an end and we’re proud to share that the EIC South America team hosted around 20 events in 2020, of which 16 were LIVE e-vents with over 1,300 attendees and 4 were in person (pre-COVID) with about 100 attendees. The pandemic brought the initiative to have online events, and this concept is here to stay as it allows companies to track opportunities worldwide even when then can’t be physically present. We would like to take this opportunity to thank all attendees as well as speakers for their valuable time and expertise. An array of excellent speakers from operators such as Petrobras, Exxon, Premier and Trident Energy, to contractors like Saipem, SBM, Heftos, Radix and many others offered first hand knowledge, an update on their current projects and their demand for suppliers.
The TechnipFMC webinar held in October
If you missed the chance to watch any of these, don’t hesitate to reach out and we can provide you with a link to the recordings. The Rio team hopes you’ve enjoyed being a part of all of this as much as we have, and we would like to wish you all a happy new year, and look forward to many more events in 2021. Clarisse Rocha Head of Americas clarisse.rocha@the-eic.com
Regional news
Argentina launches subsidy for natural gas market Argentine president Alberto Fernández has announced the creation of a subsidy plan for the country’s natural gas market, with hopes of boosting investment in the local E&P sector. Dubbed Plan Gas 4, the plan will allow producers to negotiate gas at a maximum price of US$3.5 per million British thermal units (BTU), which is higher than the current average of US$2 per million BTU. The federal government will pay the difference between gas negotiated in tenders and the maximum stipulated price. The Fernández administration hopes the measure will attract an investment of US$5bn in new gas production, allowing the government to reduce costly LNG imports during the winter months.
Brazil’s second permanent offer auction in December
The second cycle of Brazil’s permanent offer E&P bidding model will take place in December 2020, according to the country’s National Petroleum Agency (ANP). The auction offers blocks not acquired in previous rounds on a continuous basis. In 2019, oil companies acquired 33 blocks and 12 areas with marginal accumulations during the auction’s first cycle. The auction in December will be the only opportunity for operators to acquire acreage in Brazil in 2020, as the 17th round for E&P concessions and the 7th bidding round for production sharing contracts were suspended earlier this year due to COVID-19 and the downturn in oil prices.
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