Petrobras celebrates MoU with Equinor

29 October 2019

Petrobras celebrated a Memorandum of Understanding (MOU) with Equinor ASA. Equinor, a company based in Oslo (Norway), focused on the joint development of businesses related to the value chain of natural gas produced from the partnership projects.

One of the main goals of the MOU is to maximize value in the downstream segment of both companies through natural gas thermoelectric generation projects as well as feasibility studies related to gas processing assets and pipelines in TECAB (Cabiúnas Terminal in Macaé, RJ) and COMPERJ (Petrochemical Complex of Rio de Janeiro, in Itaboraí, RJ), where a natural gas processing plant (UPGN) is under construction, both belonging to Petrobras. These locations have the potential to become relevant natural gas hubs in the country in the coming years.

Currently, Petrobras and Equinor are partners in the Roncador field and in the exploratory blocks BM-C-33, Dois Irmãos, and C-M-709 among others, and this MOU reinforces the relationship between the parties, being aligned with the Petrobras Business Plan.