July 31st – Off shore oil and gases prospects

July 31st 2022

Off shore oil and gases prospects

National Holidays: Monday, August 15th, San Martin Day

River Parana Draft Forecast:
Basis INA Report of July 25th and Depth Report of July 31st

River level is stable. Nevertheless, at this moment a rebound is expected during September.

Grains and Markets:
India has purchased 12,000 tons of soya oil to be loaded Upriver August or September dates.
Argentina’s exports of the 2021 crop were 17.65 million tons. There are sales for 5.11 million of the 2022 crop. Still to be lifted.

The extensión of the pier at Ushuaia is running according to schedule. The pier is to be 740 meters long speacillay designed to increase the space to berth cruise and passenger vessels. The Southern Hemisphere “season” will soon commence. At this time there are bookings for 540 port calls.

Off shore oil and gases prospects:
A series of studies have been produced regarding the off shore exploration and surveys due to commence before the end of the year.
The progression reported is as follows:
One off shore production facility will mean a daily production of 80 thousand barrels per day. About 15 per cent of today’s total national crude production.
Five off shore production facilities will amount to 400 thousand barrels per day. With an estimated 73 per cent of today’s national crude production.
Below a graph showing the areas that are being explored at the moment.

Weather the rest of the week. Bunker deliveries at Zona Comun:

Will keep you posted.
Best regards,
Antares Servicios Maritimos S.A.

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