Vast Infraestrutura signs an agreement with PetroChina

Vast Infraestrutura (formerly Açu Petróleo) and the chinese PetroChina International (Hong Kong) Corporation Limited, an affiliate of PetroChina International Company Limited (PetroChina Intl.) signed a transshipment operations long term contract. The agreement provides for transshipment involving Aframax, Suezmax and VLCC vessels at Vast Terminal at Porto do Açu, in São João da Barra (RJ).

PetroChina Intl. is a subsidiary of PetroChina Company Limited, which is one of the largest producers and distributors of oil and gas in China, as well as a significant player in the global oil and gas industry. It currently has production in Brazil in the Mero and Búzios fields.

“We are very proud of the partnership with Petrochina Intl., which once again reinforces the market’s confidence in Vast’s operations. Historically, more than two-thirds of the oil handled at our Terminal has China as its final destination. Through this contract, the company becomes the main logistics partner in Brazil for the export of Brazilian production from Petrochina. This solid growth has only been possible with our continued focus on safety, operational excellence and respect for the environment. Our terminal is the only private one in the country that allows transshipment in sheltered and protected waters, with the capacity to operate VLCC (Very Large Crude Carrier) vessels. These differentials, coupled with our strategic location, make the Vast terminal the safest and most effective option for exporting oil in Brazil”, comments Victor Snabaitis Bomfim, CEO of Vast Infraestrutura.

The operations contemplated in this contract will be carried out at the Vast terminal, which is 25 meters deep, has a licensed capacity to handle up to 1.2M bpd, and can carry out up to three transshipment operations simultaneously. The company, which started operating in 2016, already handles more than 25% of the oil that is exported by Brazil and has recorded continuous annual growth in terms of volumes handled.

Since the beginning of its operations, Vast has handled more than 400 million barrels of oil through existing contracts with the main operators in Brazil. In addition to oil export operations, Vast has also been working in cabotage support operations to feed refineries along the Brazilian coast, increasingly consolidating itself as a logistics solutions company specializing in the movement of liquids for the energy market. in the country.

Vast publishes its first Annual Sustainability Report

It is with great satisfaction that we present our first Annual Sustainability Report, an important milestone in the history of our company.

The year 2021 was marked by many achievements, starting with two years without reportable accidents, the milestone of more than 1 million baby turtles released into the sea, record of operations and revenue, achievement of Great Place to Work certification, among others.

2021 was also marked by the maturing of our governance and the consolidation of the support committees for the Board of Directors (Audit Committee and People and ESG Committee), in line with good corporate governance practices, and the approval of a new sustainability strategy. The issuance of this report, based on the total transparency of the information contained herein, is also the result of this process of improving our governance, of which we are all proud.

We are aware of our role in the context of the energy transition which, for us at Vast, translates into our commitment to opening new paths for the movement of liquids for the present and the future. We are certain that the transition to a sustainable future will continue to generate new opportunities, and in the coming years we will continue to work to capture these opportunities as much as possible, offering infrastructure and logistical solutions for the movement of liquids in a safe, clean, efficient and sustainable way. for the energy market, sharing value with our shareholders, partners and society.

The report is available on our website: https://vastinfra.com.br/wp-content/uploads/2022/06/VastRA21-EN_220610.pdf

Açu Petróleo is now Vast Infraestrutura

Açu Petróleo started in 2015 as a company dedicated to offering transshipment services to the oil export market. The world’s growing demand for alternative energy sources and the evolution of debates regarding low carbon scenarios has led us to believe it is necessary to go beyond. Beyond petroleum and beyond Açu.

That’s why, from now on Açu Petróleo is Vast Infraestrutura.

The name Vast was inspired by those who see new ways, new horizons. It represents the expansion of our business and unveils a new positioning in the energy market. It’s a forward-looking vision, focused on the future of energy.

We are a company dedicated to offering infrastructure and logistics solutions to handle liquids safely, efficiently, cleanly and sustainably to the energy market.

We remain with the same essence and values. The transformation is with a broader view and our commitment is to open new and more sustainable ways of handling liquids in the present and the future.

VAST – Opening horizons for energy.

Shell and Açu Petróleo reinforce partnership

Shell Brasil and Açu Petróleo signed an agreement that allows an increase in the number of oil transshipment operations carried out at the Açu Petróleo Terminal, located in Porto do Açu.

With this agreement, at its discretion, Shell Brasil will be able to carry out up to 48 additional transshipment operations of 1 million barrels each, per year at Açu, in addition to those already contracted under the current transshipment agreement entered into between the companies in 2015, consolidating the Açu Petróleo Terminal as its main logistics partner in Brazil for oil export operations.

“The Açu Petróleo Terminal at Porto do Açu is one of the safest and most effective options for exporting oil in Brazil. Given its strategic location and installed infrastructure, it is able to safely, efficiently and carefully serve the volume exported by Shell Brasil. The signing of this agreement reinforces the partnership between the companies and places us as one of the main partners for Shell’s operations in Brazil.” says Eduardo Goulart, Commercial Director of Açu Petróleo.

Açu Petróleo signs an agreement with Petrobras and Transpetro

Açu Petróleo signed a Prior Agreement with Petrobras and Transpetro for the interconnection of its Oil Terminal, located in Porto do Açu, to Petrobras’ Cabiúnas Terminal, in Macaé-RJ. The agreement consists of detailing the basic requirements and technical engineering studies for the future interconnection between the Terminals. The interconnection between the terminals is part of the Spot Project and is foreseen in the company’s business expansion plan, which will allow the use of the Açu Petróleo Terminal to supply the Reduc and Regap refineries. The Spot Project is at an advanced stage of development and licensing and provides for the construction of 12 oil tanks, with a total capacity of 5.7M bbl and two pipelines. In addition to being strategic for supplying refineries, it will provide greater operational flexibility and efficiency for oil imports and exports. This milestone reinforces Açu Petróleo’s position in providing infrastructure and logistics solutions for the movement of liquids in Brazil.

Açu Petróleo releases turtles

Porto do Açu region is a priority spawning area for the endangered species of sea turtle Caretta caretta. For this reason, Porto do Açu Operações, Açu Petróleo, Ferroport and GNA jointly develop the Sea Turtle Monitoring Program of the Port of Açu (PMTM).

The program is currently run in partnership with the Pro-Tamar Foundation and its main objective is the conservation of sea turtles. Among the activities are year-round awareness in the region, daily monitoring of the 62 km of the North Fluminense coast, protection of nests, care and treatment of weakened sea turtles and reintroduction of these animals to the natural environment.

On January 28th, we released more puppies, which we are very proud of! Over these years, there have been more than 100 release actions open to the public.

Thanks to the partnership with the community and a huge task force, we have already reached more than 14 thousand registered nests, and more than 1 million baby turtles protected and released to the sea. Together, we will continue in the great mission of preserving the region’s biodiversity!

Açu Petróleo launches a bond offer to the international market

Açu Petróleo launched a bond offer to the international market and obtained funding in the amount of US$ 600 million, with a payment term until 2035.

With these resources, Açu Petróleo will redesign its capital structure and Prumo, due to the confidence and excellent results presented by Açu Petróleo, decided to acquire the 20% stake that Oiltanking held in Açu Petróleo, becoming then the full shareholder.

We continue to expand and diversify our business portfolio, valuing the safety, excellence and sustainability that have brought us here.

Açu Petróleo performs an annual emergency drill

This year, our annual emergency drill was attended by customers and partners, as well as authorities such as the Fire Department, INEA and the Brazilian Navy. Among the mobilizations and resources, we carry out oil monitoring, collection and containment, rescue of man overboard, readiness of fire-fighting and medical emergencies resources, incident management command, beach monitoring/cleaning and oiled fauna rescue/treatment. With this practice, together with others throughout the year, we guarantee safety for our employees, for the surrounding community and also for the environment.

Safety is our commitment.

Check out the full video below.

Açu Petróleo reaches two years of safe work (without lost time incidents)

We completed two years without lost time incidents. This represents the entire commitment of Açu Petróleo, our Oiltanking Operator and Partners (contractors and customers) with safety standards in all our processes and operations. We have a solid Sustainability Policy approved in 2021, which generated our strategic pillars of Accident Prevention, Emergency Management and Health and Well-Being. Incident prevention and management is in our DNA and permeates all our actions. Through Best Practices and state-of-the-art tools, we promote the Safety Culture, which is one of our Values, and we also guarantee the physical integrity of everyone who works here. 

There are 730 days reaping the results of our collective work effort and dedication with all the teams involved.

Let’s go forward with safety and excellence every day!

Açu Petróleo carries out its first operation to support cabotage

We carried out the first operation to support cabotage at our Terminal. The operation handled approximately 500,000 barrels of oil, which soon went to Temadre (Terminal Madre de Deus) in Bahia to supply one of the refineries belonging to Petrobras divestment plan, the RLAM (Landulpho Alves Refinery). In addition to oil exports, we are also moving towards serving the new Brazilian Downstream market and enabling new logistical modalities for the internalization of the product. Excellence that moves us into the future!