Petroleo Brasileiro SA (Petrobras) has let a contract to TS Participacoes e Investimentos SA subsidiary Toyo Setal Empreendimentos Ltda to complete a new natural gas processing unit (UPGN) already under construction at the Polo GasLub Itaborai hub in Itaborai, Rio de Janeiro, Brazil, as per Ogi.
As part of the Mar. 24 contract, Toyo Setal will conclude construction of the UPGN, which halted in midyear-2022 following the previous main contractor’s inability to complete the project, Petrobras said.
Award of the contract follows Petrobras’ launch of a tender in September 2022 seeking a replacement contractor to complete the remaining scope of work on the Route 3 UPGN. The tender, which closed in mid-November 2022, called for the winning bidder to deliver civil construction, electromechanical assembly, interconnections, commissioning, pre-operational and start-up services, as well as assisted operation of lingering works for both gas processing units of the GasLub Itaborai complex’s Route 3 gas plant, including supply of materials and equipment.
With the newly awarded contract to Toyo Setal, Petrobras said it expects start of gas processing operations in the GasLub Itaborai to begin in 2024 in accordance with the operator’s 2023-27 strategic plan.
Other units required to start these operations—including auxiliary units as well as subsea and onshore pipelines—have already completed construction and are in their final commissioning or preoperational phases, Petrobras confirmed.
We remind, Petrobras it will reduce gasoline and diesel prices at its refineries from Wednesday, a move that will likely offset the resumption of federal taxes levied on fuels. Shares in the company dropped sharply after the news, trading down more than 3% by midday and making Petrobras one of the biggest fallers on the local benchmark stock index Bovespa , which slipped 0.5%. The price cut comes as the government announced on Monday it was set to resume the collection of taxes on fuels, ending a waiver set by former President Jair Bolsonaro last year - a measure that will boost government revenues but is seen as upsetting the middle class.
mrchub.com