OTC Brasil 2023

Monetizing natural gas is one of the challenges of the new market.

Companies in the sector are seeking the best alternative to develop reserves and make the gas market in Brazil more competitive.

T&B Petroleum/Press Office IBP
25/10/2023 12:45
Monetizing natural gas is one of the challenges of the new market. Imagem: T&B Petroleum Visualizações: 2363 (0) (0) (0) (0)

The challenges for monetizing natural gas in the face of increasing demand in the country were extensively discussed on the first day of OTC Brazil in the panel 'Challenges to Monetize Natural Gas from High GOR Offshore Fields.' Representatives from Petrobras, Equinor, and Repsol Sinopec, all involved in major natural gas projects in development in the Brazilian pre-salt, discussed strategies to make what important segments of society are seeking a reality: increasing the supply of this resource to further drive and establish the New Gas Market.

Bruno Moczydlower, Executive Reservoir Manager at Petrobras, stated that the company is committed to increasing gas production for the Brazilian market. He emphasized that starting next year, the Rota 3 project, designed to expand the natural gas flow from the pre-salt of the Santos Basin, will already be operational. By 2028, two other high-capacity flow projects, the Sergipe Deepwater Project (SEAP) and the Raia Project through the BM-C-33 consortium, should also be in operation. Combined, these three projects will be capable of delivering more than 50 million cubic meters per day of capacity.

Thiago Penna, Director of the Raia Project at Equinor, which is under development and has the capacity to transport approximately 16 million cubic meters per day, believes that the challenges of natural gas production can be overcome through innovation and efficiency in reducing carbon emissions. "Our projects need to be financially robust and, in terms of carbon emissions, we attribute several innovations. We will have one of the most efficient and innovative FPSOs in the world.

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