Petrobras extends UTG Catu gas processing contracts

The contract addenda have immediate effect and ensure the continuity of gas production processing, providing greater predictability to the sector and reinforcing the strategic role of the facility for energy produced in Bahia.

The Catu UTG is essential infrastructure for transporting and processing natural gas produced in Bahia's onshore fields. In addition to contributing to the country's energy security, the unit boosts the region's economy and generates benefits for local communities.

"In Bahia, this initiative contributes to attracting investment, optimising existing resources, and creating favourable conditions for the sector's long-term growth," said Stênio Galvão, Petrobras' Executive Manager of Exploration and Production. Among the main advances is the extension of the processing capacity guarantee period from 2028 onwards, a measure that increases predictability for the agents involved and reinforces the operational reliability of the Catu Gas Treatment Plant.

The partnership also foresees the updating of the commercial and operational conditions of the contracts, focusing on cost reduction and better utilisation of the region's natural gas infrastructure. The agreement reinforces the benefits of free enterprise in building solutions that reconcile efficiency, predictability, and greater use of existing assets.

“The understanding between the companies reaffirms the importance of shared infrastructure as an instrument to increase the efficiency and competitiveness of the natural gas market,” added Álvaro Tupiassu, Executive Manager of Gas and Energy at Petrobras.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/20082026/petrobras-petroreconcavo-brava-energia-and-origem-energia-extend-utg-catu-gas-processing-contracts/