Saipem to conquer Brazil. The oil company has defined the acquisition of an area for the construction of new offshore fields in the South American country.
The company makes it known, adding that the construction of the new shipyard will have an estimated cost of approximately 300 million dollars, including the disbursement for the acquisition of TPG, and is expected to be completed in about two and a half years, with a timing consistent with the use of the site for the development of the 'pre-salted' fields.
“We acquired 100% of TPG (Terminal portuário de Guarujá SA) – informs Saipem in a press release -, a company that has a perpetual concession of an area of 35 hectares in Guarujá, in the industrial district of Santos, the largest port in South America, in the State of São Paulo. The area has a strategic location: it is about 350 kilometers from Santos Basin, the Brazilian offshore region where the ultra-deep water pre-salt fields were discovered, and about 650 kilometers from Campos Basin, the other most important offshore of Brazil”.
“Saipem – continues the press release – will proceed with the development of the area by creating a manufacturing yard for underwater and floating structures and a logistics base. The activities that Saipem will carry out in the new shipyard are complementary to the services offered by the highly specialized ultra-deepwater fleet that the company has developed in recent years; moreover they will allow to satisfy the requirements, particularly stringent in terms of local content, imposed in Brazil in the high-tech sector of submarine developments in ultra-deep waters”.
Meanwhile on the energy front China is also moving, who returns to shop in Canada. After the acquisition of Opti Canada by CNOOC in July, the Chinese China Petrochemical, better known as Sinopec, has decided to buy Canadian Daylight Energy putting C$2,2 billion on the line, (US$2,12 billion).
Sinopec therefore offered to pay 10,08 Canadian dollars for each share presented, i.e. more than double compared to last Friday's closing value and with a 44% premium compared to the average price of the last two months
