On May 4th, the National Council for Energy Policy (“CNPE”) published in the Union’s Official Gazette its Ordinance No. 02/2017, authorizing the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) to hold the 2nd Pre-Salt Bid Round, that will offer open acreage areas to be submitted to unitization and that are adjacent to the following areas: Carcará (block BM-S-8) and Gato do Mato (BM-S-54) prospects and Sapinhoá field, in the Santos Basin, and Tartaruga Verde field (shared deposit of Tartaruga Mestiça), in the Campos Basin.
The minimum percentage of the Union’s profit oil, considering the price of the oil Brent of US$ 50.00 and the average daily production of 11,000 barrels of oil per active production well, and the signature bonus shall be the following for each area:
|AREA||UNION’S PROFIT OIL
|Gato do Mato prospect||11.53||100,000,000.00|
|Tartaruga Verde field (shared deposit of Tartaruga Mestiça)||12.98||100,000,000.00|
Petrobras shall, within thirty (30) days from the publication of the Ordinance No. 02/2017, to inform about its preemptive right on the operation of each area.
The CNPE did not publish the date when the round will be held. However, pursuant to the CNPE’s 1st Extraordinary Meeting, held on April 12th, the ANP’s 2nd Pre-Salt Bid Round is expected to happen in the first semester of 2017.
Felsberg Advogados remains at your entire disposal for any assistance that may be necessary in relation to the matter covered above. Should you have any further doubts, please contact Luis Menezes (email@example.com), our partner responsible for the Oil and Gas Department.
This article is of a solely informative nature, and does not contain any opinion, recommendation or legal advice from Felsberg Advogados concerning the subject matter covered.