South America hydrocarbons roundup

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Friday, August 18, 2017

Ecuador's state oil company Petroecuador awarded Citizens Resources a contract to import 2.64Mb of naphtha high-octane RON 93 after the commodity group presented a differential of +US$2.93/b.

The other bidders were BB Energy, Castleton Commodities Merchant Trading, Glencore, Lukoil Pan Americas, Noble Americas, Phillips 66, Trafigura and Vitol, the NOC said in a statement. The marker will be Gulf Coast Unleaded 87.

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The first of 11, 240,000b shipments are scheduled to arrive next month. The derivative will be used in the blend to produce "extra" gasoline.

Deratives use in Ecuador, May (first column) and June (second column) 2017 (CREDIT: Ecuador central bank)

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Offshore drilling contractor Noble said it secured a contract from ExxonMobil for the Noble Bob Douglas rig for use in Guyana.

The estimated contract start date is 1H18 and the estimated contract expiration is 1H21, according to Noble's latest fleet status report. The contract dayrate was not disclosed.

The rig is expected to begin a two month contract for Tullow Oil in October for use in Suriname.

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The energy environmental affairs office of Peru's energy and mines ministry accepted Cepsa's request to pull the company's project to drill 16 confirmation wells at block 131 from the EIS evaluation process. A reason was not disclosed.