MME Denies Postponement of the Transfer of Rights Auction/has no defined date yet

JAN 21, 2020

Ministry of Mines and Energy (MME) denied that the auction of the remaining areas of the Transfer of Rights (Sépia and Atapu) is being postponed to 2021. This is because the event had not yet a defined date and is being studied by technicians. The information was passed on to PetroNotícia by the Ministry’s press office on Tuesday.

As a reminder, the auction of the Transfer of Rights, held in November last year, ended with two areas without bids – Sépia and Atapu. Since then, an expectation has been created about when the assets would be put up for sale again. The Minister of Mines and Energy, Bento Albuquerque, said the day after the Transfer of Rights auction that the analysis had already started “so that the resumption of auctions in these areas will take place as soon as possible”. However, the minister did not confirm a date.

News in the press on Tuesday mentioned that the failure to hold the auction in 2020 would leave the government without an auction revenue of R $ 24.5 billion this year. Thus, the revenue would only reach the government coffers in 2021. Asked also about the possible postponement of the 7th Round of Sharing of pre-salt areas, the Ministry of Mines and Energy recalled that the last resolution of the National Energy Policy Council (CNPE ) defined the event for 2020, but there is still no date set and is still under discussion.

Source: PetroNoticia

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