Petrobras

PETROBRÁS RECEIVES NEW FINES FOR LOCAL CONTENT INDEX VIOLATIONS

January 13, 2017

In the first three audits conducted by the National Petroleum Agency (ANP) to verify compliance with local content, Petrobras was fined in all of them. The state-owned company was punished for not reaching the percentages in blocks REC-T-181, in the Recôncavo Basin; and S-M-1480 and S-M-1482, in the Santos Basin.

In the case of the REC-T-181 block, the overall content of the exploration phase was 80%, but Petrobrás reached only 71.04%. As a result the fine is R $ 1.1 million. In the case of the two blocks of the Santos Basin, the fines totaled around R $ 25 thousand. In both cases, Petrobrás did not reach the recommended percentage in the interpretation and processing of data.

All three blocks are ending the exploration phase. Block REC-T-181 was sold during the 9th round of bids, while blocks S-M-1480 and S-M-1482 were acquired in the 5th round.

Categories: Petrobras

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