Rio de Janeiro - October 7, 2015.
Parnaíba Gas Natural and ENGIE (former GDF SUEZ) acquire two
blocks in the 13th Bidding Round
Parnaíba Gas Natural (PGN) informs that the consortium composed by PGN
(65%, operator) and ENGIE (35%, through its affiliate GDF SUEZ E&P
Brasil Participações Limitada) acquired exploration blocks PN-T-101 and
PN-T-103 in Brazil´s 13th Bidding Round organized today by the Brazilian
National Petroleum, Natural Gas and Biofuels Agency (ANP).
The Concession Contract, which is due to be signed before the end of 2015,
establishes that the exploratory phase will take four years. In this period, the
consortium has to fulfill all the requirements contained in the Minimum
Exploration Program (MEP). The MEP commits the consortium to implement
7,003 work units.
The consortium also has to comply with percentages of local content, in
every phase of the project, offered in the bid.
The blocks are located in the Parnaíba basin, where PGN already operates.
“With the acquisition of these blocks PGN reinforces its position as Brazil´s
largest private operator and producer of onshore natural gas”, said Pedro
Zinner, PGN´s Chief Executive Offer.
According to the CEO, “PGN´s
strategy is to follow a sustainable growth path, backed by a solid business
and investment plan”.
“As we expand and renovate our portfolio, we have also established a
strategic partnership with a global player which has much to contribute to
exploration and production activities in Brazil”, Zinner added.
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T +55 21 3958 2000
22250 906 Rio de Janeiro RJ
ABOUT PARNAÍBA GAS NATURAL
Parnaíba Gas Natural (PGN) is an independent exploration & production
company that operates in the Parnaiba Basin, in Maranhão state.
PGN operates seven fields and seven blocks, which adds up 7 thousand
square kilometers. The company produces an average of 4.9 million of
m³/day, and is Brazil’s biggest private onshore operator.
ABOUT ENGIE
Through Tractebel Energia, ENGIE Brasil is the largest private electric
power producer in the country, operating an installed capacity of 8,765 MW
in 28 power plants all over Brazil, which stands for about 7% of the country's
capacity. The Group has 85% of its installed capacity in the country coming
from clean, renewable sources and with low emissions of greenhouse
gases, a status that has been reinforced by the construction of new wind
farms in the Northeast of the country
ENGIE Brasil is currently developing one of the largest hydropower plants in
razil, Jirau (3,750 MW), in the Madeira River, Rondônia.
The Group is also present in the Brazilian market with services related to
energy through its subsidiaries LEME Engenharia, Cofely do Brasil, Ineo do
Brasil and Cofely Axima.
With 3,000 employees, ENGIE Brasil had revenues of BRL 7.7 billion in
2014.
ENGIE is active in natural gas exploration-production in 14 countries and
holds a portfolio of 346 exploration and/or production licences in Europe,
North Africa, the Caspian Sea, the Middle East, Asia-Pacific, and Latin
America. In 2014, thanks to the skills of its nearly 1,880 employees,the E&P
affiliate of ENGIE produced 55.5 million barrels equivalent of oil (Mboe) and
Praia de Botafogo 228 13º andar Ala A
T +55 21 3958 2000
22250 906 Rio de Janeiro RJ
had 758.8 Mboe of proven and probable reserves at the end of 2014. Since
2013, ENGIE has been active in the Parnaiba and Recôncavo basins.
FOR PRESS INFORMATION, PLEASE CONTACT:
Carla Falcão – [email protected]
Elisa Soares – [email protected]
Phone: + 55 21 3958-2002 / 2057
Praia de Botafogo 228 13º andar Ala A
T +55 21 3958 2000
22250 906 Rio de Janeiro RJ