PetroTal announces completion of USD100 million senior secured bond issue
17 Feb 2021
PetroTal Corp has announced that on February 16, 2021 it completed the issuance of the
US$100 million issue of senior secured bonds, previously announced on February 2, 2021. The new bond issue will be PetroTal’s only interest bearing debt and will be used to retire the existing derivative liability with Petroperu, continue development of the Bretana oil field, support the Company’s crude oil price hedging strategy, and finance potential acquisitions. Details of the 2021 capital budget will be released on February 18, 2021.
Pareto Securities acted as sole bookrunner and manager of the bond issue.
Brazil: Shearwater GeoServices awarded landmark Petrobras 3D OBN surveys
17 Feb 2021
Shearwater GeoServices has announced the award of a substantial contract for deepwater Ocean Bottom Node seismic acquisition for the
Tupi and Iracema projects in the Santos Basin offshore Brazil.
This will be the largest OBN seismic survey in Brazil, at the Tupi field, considered Brazil’s first super-giant oil field and is a base survey for potential future 4D surveys. This award confirms Shearwater’s leadership in deepwater OBN an exciting, growing and future-oriented sub-segment of the marine seismic industry. It reflects our scale, high-end vessels and dedication to technology, and represents a substantial addition to our backlog. We are pleased to again work for Petrobras , said Irene Waage Basili, the CEO of Shearwater GeoServices.
BW Offshore has signed a share purchase agreement to become a strategic owner of Ideol, a global pure player in floating offshore wind technology, creating a renewable energy company with market-leading capabilities.
Norway: Plenty of oil and gas left on the Norwegian shelf
17 Feb 2021
Resource Accounts, the
Norwegian Petroleum Directorate projects that there are 8 billion standard cubic metres of oil equivalent (Sm3 o.e.) left to produce on the Norwegian continental shelf (NCS).
This corresponds to around 19 times the volume that will be produced from the Johan Sverdrup field in the North Sea.
The Resource Accounts are an overview of the NPD’s estimated total proven and unproven petroleum resources on the NCS.
Of the remaining resources on the NCS, 4.2 billion Sm3 o.e, or 52 per cent, are proven. Unproven resources are estimated at 3.8 billion Sm3 o.e.
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South Gippsland Water Korumburra Update
Environment Protection Authority Victoria (EPA) continues to monitor wastewater and investigate an ongoing issue at South Gippsland Water’s (SGW) Korumburra treatment plant to Foster Creek. EPA Authorised Officers have inspected the treatment plant and confirmed that the discharge to Foster Creek has now ceased.
EPA served a notice on SGW to stop discharging wastewater to Foster Creek after the Korumburra plant lost its processing capacity and began discharging partially treated wastewater to the creek above the limit set by its licence.
EPA Regional Agency Commander Zac Dornom says the situation may take some time to remediate.