Prumo (IBOV: PRML3) announced that Décio Oddone is the company’s new oil and gas projects Officer. The executive, recognized as one of the leading specialists in the sector, will have the challenge to deliver the Oil Terminal (TOIL) at Açu Port and develop the gas hub and thermoelectric power plants at the port.
“To develop a project like Açu Port is a challenge for any executive. I look forward to contributing to turn the Açu Port into the main private oil and gas cluster in Brazil. We will intensify all efforts to conclude the existing projects. So that we, together with E&P´s oil companies and other potential partners, shall built the infrastructure to export to Açu the offshore oil and associated gas production”, said Oddone.
The development of the Açu Port gas hub is one of the best private solutions for receiving liquefied natural gas (LNG) imports and export to shore the domestic production of natural gas from the Santos and Campos Basins. The Açu gas hub will comprise of onshore and offshore gas pipelines, thermoelectric power plants fueled by gas, regasification terminals and LNG storage terminals, natural gas processing plants and an LPG terminal (liquefied petroleum gas).
Gas
Initially, the venture will have a floating LNG regasification plant at Terminal 2 (T2) to enable Açu Port to receive the gas for the thermal power plants. Prumo is at an advanced stage of the licensing process for the installation of thermal power plants at Açu Port.
The installation of thermal power plants will turn Açu Port into a major gas-consuming hub, with a potential demand around 15 million m³/day, enabling a new alternative for the commercialization of the associated gas produced in the region’s coastal area. The availability of associated gas will attract others industries to the Port´s back area, as well as offers benefits for the Southeast region of Brazil, once it can reach the internal market through a connection with the existing distribution network near the Port.
“Décio Oddone is recognized as one of the leading experts in the sector, and his contribution is essential to the development of the Açu Port Gas Hub. In addition to an attractive commercial solution for the monetization of the associated gas produced, the port will also provide competitive infrastructure on a large scale for industrial gas consumption”, said Eduardo Parente, Prumo CEO.
The installation of the gas hub is yet another advantage of Açu Port. In addition to a port with the capacity to receive large vessels, now in operation, and retro area available for industrial unit plants, Açu will also offer an efficient and competitive logistical solution for the consumption of natural gas and related products.
Profile
Décio Oddone has a graduate degree in Electrical Engineering from the Federal University of Rio Grande do Sul (UFRGS), with post-graduation in Petroleum Engineering from Petrobras. He has attended the Advanced Management Program at the Harvard Business School, in the USA, and the Advanced Management Program at INSEAD, in France. He has received the title of doctor honoris causa in education, from Aquino University in Bolivia.
Oddone has built his career at Petrobras where he worked for 30 years in a number of executive positions in Brazil, Bolivia, Argentina, Angola and Libya. He held the position of CEO of Petrobras Bolivia between 1999 and 2004, when he headed the implementation of the infrastructure necessary to export gas to Brasil via Gasbol (Bolivia-Brazil gas pipeline).
After being transferred to Rio de Janeiro in 2004, Oddone was in charge of Petrobras’ operations in Latin American countries and held the position of Chairman of the Board of Directors of Petrobras Energia S.A. (NYSE: PZE) and Petrobras’ subsidiaries in Bolivia, Uruguay, Paraguay, Peru, Chile and Spain.
In 2008 he was appointed CEO of Petrobras Energia S.A. From 2010 until recently, Oddone was the investments executive vice president of Braskem, where he was responsible for an investment portfolio of around R$ 2 billion a year, including the construction of new industrial plants in the states of Rio Grande do Sul and Alagoas.
