The company Pré-Sal Petróleo (PPSA) will hold some auctions for the sale of natural gas that is produced in the Union pre-salt fields, according to an announcement made last Thursday (05/05). Thus, the company intends to attract attention to this commercialization and encourage investments not only in the oil sector of these fields, but also in gas, a resource that is currently in high demand in the international market.
At a meeting held this past Thursday, PPSA confirmed that some auctions will be held during 2022 to seek sales for natural gas produced in the Union's pre-salt fields. This is the company's new bet to boost the oil and gas industry and remove from investors' view that only oil can be a beneficial investment in the long term for these companies.
Thus, PPSA is already in the initial steps towards this initiative and is carrying out informal consultations with oil companies potentially interested in the Union's natural gas to understand the main demands and format its commercial strategy. And, according to the company itself, it seeks to attract investors to natural gas sales through auctions to stimulate competitiveness between companies. In addition, PPSA expects that these sales meetings can be held in the second half of this year.
And, for the first phase of the auctions held throughout 2022, PPSA expects to carry out sales of natural gas from the fields of Entorno de Sapinhoá, Búzios and the Shared Jazida de Tupi, areas that already have gas pipelines connecting the fields to the coast. This is extremely important for the development of this commercialization since PPSA intends to carry out sales directly at the “mouth of the wells”, to make logistics much faster, more efficient and productive for both parties in the agreements made.
The sales plan for natural gas produced in the pre-salt fields of União is just beginning and the auction schedule will further intensify this initiative. Thus, for the year 2022, PPSa expects commercialize around 100 thousand cubic meters per day of the resource and, in 2023, it intends to double this mark and sell more than 200 thousand cubic meters per day of gas. And while these may be not-so-unbelievable numbers at first, the company hopes to continue expanding production and marketing of the resource.
Despite PPSA's grand plan for the year 2022, Rivaldo Moreira, CEO of the Gas Energy consultancy, commented that there are still many open questions and the company needs more time to organize the auctions: “The problem here is not infrastructure or to process or transport this gas. The question is whether PPSA will hold an auction only for companies that already have access negotiated with Petrobras, not only in the gas pipeline but also in the UPGNs, or if it will open it to other companies. Then they would have to negotiate access conditions”.
Now, what oil and gas companies are waiting for is a formal announcement made by PPSA regarding the criteria and requirements that will be taken into account for participation in the pre-salt natural gas sales auctions.