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CNPE approves ANP’s 3rd Pre-Salt Bid Round

 

On April 27th, the National Council for Energy Policy (“CNPE”) published in the Union’s Official Gazette its Ordinance No. 09/2017, authorizing the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) to hold the 3rd Pre-Salt Bid Round, that will offer the following areas: Pau Brasil, Peroba and Alto de Cabo Frio – Oeste, in the Santos Basin, and Alto de Cabo Frio – Central, in the Santos and Campos Basins.

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 12,00 barrels of oil per active production well, and the signature bonus shall be the following for each area:

 

AREA

UNION’S PROFIT OIL (%) SIGNATURE BONUS (R$)

Pau Brasil

14.40

1,500,000,000.00

Peroba

13.89

2,000,000,000.00

Alto de Cabo Frio – Oeste

22.87

350,000,000.00

Alto de Cabo Frio – Central 21.38

500,000,000.00

 

Petrobras shall, within thirty (30) days from the publication of the Ordinance No. 09/2017, 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 3rd Pre-Salt Bid Round is expected to happen in the November, 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 (luismenezes@felsberg.com.br), our partner responsible for the Oil and Gas Department.

FELSBERG ADVOGADOS

 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.

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