The Brazilian giant J&F Investimentos seeks to expand its nascent oil and gas business with its entry into Lot Centenario, in the province of Neuquén, and 33% of the Ramos field, in Salta.
The largest private non-financial holding company in Brazil achieved its entry into the Argentine hydrocarbon market after the purchase of Fluxus, a Brazilian oil company founded by Ricardo Savini, Jorge Lorenzón and Vitor Abreu, which had previously closed the purchase of the three lots with Pluspetrol.
The joint production of these two operations in Argentina is 1.3 million cubic meters of gas and 1,365 barrels of oil per day (bpd). Pluspetrol will leave the field in 2024.
La República spoke with Ricardo Savini, president of Fluxus, whose previous experience in Petrobras and Pérez Companc, former operators of Lot
“I was operations manager for Petrobrás and Pérez Companc in Lot oil and gas,” the official stressed.
After entering Argentina, Fluxus not only seeks to enter the hydrocarbon sector in Peru, but also advances with similar gas exploration negotiations in Bolivia and with Ecopetrol in Colombia.
“Although it does not have the highest production in the region, it is one of the oldest deposits. We really like working in Peru and, therefore, when the tender came out we had all the interest and we quickly declared our interest,” said Savini.
Regarding the participation that it will have at 60% with Petroperú, a Peruvian state that will keep 40% and will make risk investments in Lot the oil company and that, despite
“The capacity we have to invest is very large, that is why we also spoke with President Arce in Bolivia. We are ready to arrive in Peru, we cannot yet give details but there are hundreds of millions of dollars that we could invest in these mature fields,” accurate.
“We want to be part of the solution for Petroperú,” he added, referring to the solvency problems of his Peruvian counterpart.
J&F Investimentos had to pay US$256 million in 2020 to resolve an international bribery case in Brazil. In this regard, Savini assured that it is a page surpassed many years ago in the company.
Proof of this is that they were able to access the Perupetro tender under the requirements of current Peruvian laws, although they expressed their surprise at the delay in the last opening of envelopes, which was supposed to take place last Thursday but will be completed on Monday the 15th.
“J&F Investimentos do not see the Peruvian market as an adverse environment for investments, each country has its own way of doing business. The government take of each barrel in Peru is not as high as in others, although in Brazil the efficiency is a little better. When we did the study, the numbers fit us, we want to be an important player in the country,” he stated.
Source: Larepublica
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