28/06 - 14:00 - What appeared to be circumscribed to a disaster in the North Sea, had a serious impact on a major oil Patagonia: PAE, a subsidiary of BP, who seeks dispose of its shareholding oil in Argentina to raise 10 billion dollars needed to cope with the responsibility for the mess created in the U.S.. However local concern is how this decision will impact the company and the high cost Bulgheroni to envision must pay off the new reality of offshore exploitation , which the operator has chosen Patagonian all his chips.
The disaster occurred at an oil platform in the U.S., owned by British Petroleum and the magnitude of it has run the business hub of interest for that of outright survival of the super oil that is looking about 60 billion dollars to pay damage in the Gulf of Mexico.
Sky News, an English news agency said the 10 billion dollars that BP can be calculated from the sale of PAE, would have covered the expenses for the next 12 months , which require the extraordinary incident, according to international financial analysts, if not resolved within two months, could jeopardize the existence of the British company.
The information provided by specialized sites indicate British Petroleum that triggered the big business plan at this level have to deal with such contingencies, but those same sources agree in indicating that BP never calculated an incident of this nature, or at least was evaluated inability to end the same in a relatively short time. "The magnitude of the disaster and the complexity of the solution was no contingency plans by BP and I think any company in the world," says British news agency.
Within that plan is shot by BP attracting fresh capital that will allow the company to meet the expenses claim the whole process is in full swing. In such cases - British analysts say - the super oil put his hand to the so-called "non-strategic assets ", ie those starting businesses ring can come off BP (expendable) without further destabilize stock next level plummet in major world markets.
Pan American Energy is considered an asset by BP "no strategic" and therefore goes on sale, which has already been confirmed by the Dow Jones Agency.
CNOOC Chinese state giant already owns 20% of PAE, which was when he bought half of flanges (of Bulgheroni) at U.S. $ 3,100 million for just over 3 months. Based on the amount paid by the 20% of PAE is estimated at U.S. $ 9.000/10.000 million, 60% of the company. However, this estimate does not take into account that the agreement with the Chinese Bridas also includes huge Bulgheroni family business in Turkmenistan and Pakistan.
The operator has been very careful not to spread in public explanations regarding the institutional, because the province of Chubut, where one of every 2 dollars entering the province are in oil royalties PAE and the governor whose future earnings generated Das Neves Trust for $ 300 million guaranteed with such royalties to be paid oil company, has signed an extension of the areas for 40 years , similar to Santa Cruz where the executive and legislative assigned an extension of 30 years in the renegotiations.
However, the major problem of the operator passes for the other side and is precisely the critical situation is generated in the offshore projection plans that PAE has folder and which is working for long.
On this point we mentioned in our earlier note that after this terrible accident occurred in the northern seas, where it develops and applies the best technology in terms of both operating and accident prevention undoubtedly change the parameters is considered here the installation of oil platforms at sea, taking into account whether the characteristics of the seafloor and coast, as there are technical limitations to attend to these disasters, would threaten the entire marine ecosystem Atlantic and affect coastal populations by destroying their economies and the country, seguramente.No would be strange if by this time a provincial or national deputy was thinking of building a project that will warn the government of the province of this danger.
disaster in the U.S. This certainly stirred the ghost of a similar event could happen in our seas and this creates a Pan American Energy, an extra cost that goes beyond the operative, where costs rise insurance must spend more to prevent contingencies and adjust the means to minimize the risks , the problem that presents itself now in these latitudes is social and political pressure that will surely be broadcast future details on this type of exploitation that in the United States has led society to oppose in the future to these existing holdings and political sectors and the government itself limit the process studying offshore.
Other details that go unnoticed there for many, but it applies precisely to this point of offshore oil exploration in Argentina, are the words of the new Chancellor Héctor Timerman in his first official act in the Decolonization Committee of the UN said, referring to the offshore operation being conducted by the UK on the shores of the Falklands " At a time when it is producing one of the worst ecological disasters in the Gulf of Mexico as a result of the oil spill caused by drilling platforms from the British Petroleum, we should not ignore or minimize the risk from the environmental point of view means for our region colonialist adventure in the UK in the South Atlantic, based on the plunder of natural resources nonrenewable "
This BP responsible for said that the standards used in the Falklands are the same as those used in the North Sea (although the evidence is not guarantee nothing), to which Timerman said " As one moves away from its own expense, Britain decreases the checks done on these issues as flashpoints . I'm sure the British would not allow oil drilling in their territory with the same insecurities that performed in the Argentine Sea "he said.
If we establish a correlation between Timerman's words to the British fired in the middle of a fight purely political and installation on other platforms in front of our large waterfront, see the Chancellor that this fear is not unfounded or in the case of Malvinas or the installation of another oil that as SAP, offshore drilling off Patagonia. The question then is: How will joint the Argentine government and the provincial authorization for Pan American Energy operates offshore sites if its case before the environment is indeed irreducible?.
Campaign: nothing happens here
Bolivia specialized portal "HidrocarburosBolivia.com" states that " British Prime Minister, David Cameron, was concerned about the" destruction " oil company British Petroleum (BP) because of the oil spill in the Gulf of Mexico that is causing the company's shares on the stock market fell to its lowest in 14 years. The market value of the oil company BP has dropped to 100.000 million dollars (80,000 million euro) since the spill began in mid-April, more than half than it was before the crisis. Shares of BP fell on Friday more than 6 percent in London and New York ".
The oil Bulgheroni brothers intend to lock a communication campaign clear that any speculation about the crisis in the oil company and in some media suggesting the effect may be "collateral", however, specialized sources of both Bolivia and Argentina suggest that the impact will Pan American Energy to receive will be very important, but they trust that their financial structure of production and keep it well-positioned, even when taken at the operator with a weakness is the lack of integration , ie the inability to process the oil extracted (which they have YPF), a fact on which SAP attempted to develop an investment project for construction own a refinery and then buying Esso refinery in Campana, enterprises that did not progress. (OPI Agency Santa Cruz)
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