October 23rd – Off shore petroleum production South Atlantic

October 18th 2022

Dredging Recalada to Upriver

Sunday, November 20th and Monday November 21st, Long Weekend

Grains and Markets:

Colombia is in the market for a Supramax of soyameal for December loading. Vietnam also for January dates.
Ecuador is in the market for a Handymax of maize on February dates.
Jordan is still looking for 120,000 tons of barley on March and April dates.

Updates on Agriproduct Forecasts:

The Buenos Aires Grain Exchange has issued updates to the projections.
They estimate the wheat harvest to be 15.2 million tons. Down from 16 million tons of the last forecast.
Barley is forecast to be 4.700.000 tons.
The maize surface, being sown at the moment is now reduced to 7.3 million hectares. Down by 5.2 per cent from the previous estimate.
Sunflower is forecast to cover 2 million hectares.
The extreme dry weather that has been affecting agricultural areas in Argentina over the last three years is the principal reason affecting the low yields and reduced sowing areas.

Off shore petroleum production South Atlantic:

Public audiences, a legal requirement prior commencing drilling, have been held at Mar del Plata prior commencement of operations.
Prior objections by local residents and legal injunctions placed in courts have been dismissed.
The area that has been tendered, and awarded is 307 miles off-shore Mar del Plata and awarded to Equinor, Shell and YPF.
Mar del Plata is expected to be the main operational base for this activity.
The early estimates issued by a variety of sources talk of a “conservative” minimum production potential amounting to 200,000 bb per day.
This volume would put the area on a level with Vaca Muerta’s production today.

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


Strong gusts are forecast over the middle of the week that may affect STS operations.
As always, the STS operation is up to the discretion of the Master’s of the vessels involved.

INA Draft Forecast:
Please find attached the latest updated forecast prepared with information supplied by INA (National Water Institute).

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

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