Brazil’s Prumo has signed a contract with Oiltanking to sell a 20 percent stake in the Acu Port Oil Terminal for US$200 million. The company also will be responsible for operating the terminal, which is licensed to handle up to 1.2 million bpd and has the capacity to receive VLCC ships.
Prumo reported positive EBITDA of R$43 million for the second quarter of this year.
“We are celebrating a new era for the company,” said Eduardo Parente, CEO of Prumo. “A year ago we received at the port our first load of iron ore. Since then, 60 ships have already docked at Açu Port. We began operations within the projected budget and meeting the forecasted schedule, and the main risks that were identified during the change in control were mitigated in less than two years. A third quarter in a row with positive EBITDA is the result of these actions.”
The second quarter was marked by a number of announcements. Edison Chouest exercised its options, signing a contract with Petrobras and announcing that its offshore services supply base, which will be the largest in the world, will begin operations in November. BG brought its oil transhipment operations to Açu, and Oiltanking valued the terminal as US$1 billion.
