Petrobras seeks partners to refine heavy oil


Petrobras President Henri Philippe Reichstul said this week that Petrobras would seek overseas partners, possibly US refineries, to refine the increasing amount of heavy oil produced in Brazil.

Reichstul said Brazil is now producing some 200,000 b/d of heavy oil, mainly from the Marlim giant field in Campos basin off Rio de Janeiro state. He said US refineries could serve as possible source of swaps in such refining deals.

"Brazil's refining capacity was designed mainly for the light oil types we traditionally import," said Reichstul. "Now, our own production is increasing, but a certain amount of it is heavy oil, for which our refineries are not adapted."

Calling the search for heavy oil refiners "a strategic decision", Reichstul said Petrobras will initiate efforts to adapt its own refineries to heavier oil types during the next couple of years but, in the meantime, would need to refine at least some of the Marlim oil overseas.

Reichstul said the company doesn't expect to build any new refineries. Petrobras owns 11 of the 13 refineries in Brazil.

He noted that some of the refining deals could involve swaps of Brazilian heavy oil for light crude oil or oil products. However, he declined to offer details of the shape such swaps could take.

Related Articles

Phillips 66 considers splitter at Sweeny refinery

03/21/2014 Phillips 66 is evaluating the potential for the addition of a condensate splitter near its 247,000-b/d Sweeny refinery in Old Ocean, Tex., just sou...

Second small diesel refinery planned for North Dakota

03/21/2014 Quantum Energy Inc. (QEI), Tempe, Ariz., said it has secured land for the construction of a 20,000-b/d grassroots hydroskimming refinery in North D...

Flint Hills settles Port Arthur pollution case

03/20/2014 Flint Hills Resources (FHR) has reached a settlement with the US federal government to implement innovative technologies to control harmful air pol...

WoodMac: Global ethylene demand, production on the rise

03/20/2014 Ethylene-producing assets that have access to low-cost natural gas feedstocks, such as the ones in North America, will lead the competition in glob...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected