Scheduled for December 2021, CNPE approves parameters for bidding in Sepia and Atapu

(MME) The National Energy Policy Council (CNPE) approved the technical and economic parameters for the Second Bidding Round for the Excessive Volumes of the Transfer of Rights of the Atapu and Sépia Fields.

The parameters chosen are derived from robust studies that involve geophysical, geological, reservoir and economic modeling, followed by a multicriteria approach to indicate the alternative subscription bonus and minimum oil percentage for the most efficient Union, among all the simulations carried out.

The decision is in addition to the efforts initiated shortly after the first Assignment Surplus Auction was held in November 2019, since which the Federal Government started to act in order to provide greater attractiveness and competitiveness to the second event.

The approved parameters were:

SIGNATURE BONUSES:

I – Sepia Field:

Signature bonus: R$ 7,138 billion

II – Atapu Field:

Signature bonus: R$ 4,002 billion

OIL-PROFIT SHARING RATE:

I – Sepia Field:

Sharing rate: 15.02%

II – Atapu Field:

Sharing rate: 5.89%

It is important to clarify that, in compliance with Law No. 12,351 / 2010, the amounts will be proposed for approval by the President of the Republic.

Today’s decision assertively advances towards the event in December 2021, based on the pillars of transparency, attractiveness, traceability, reduction of uncertainties, and legal and regulatory security.

According to the legislation in force, Petrobras must manifest its preemptive right, within 30 days, after the publication of the CNPE Resolution.

In compliance with legal regulations, all elements of the process dealt with in this auction will be forwarded to the Federal Court of Accounts (TCU).

“In these fields alone, during the period of operation, the expected investments are 200 billion reais, and the opportunity cost of not holding this auction this year is 12 to 15 billion reais. This is the importance of our meeting today, ”said Minister of Mines and Energy, Bento Albuquerque.

The minister also made a point of thanking everyone involved in the process of drafting the auction guidelines. “There were more than 130 meetings for us to reach today’s agenda: the fields of Sépia and Atapu. I am especially grateful to the National Petroleum, Gas and Biofuels Agency (ANP), Pré-Sal Petróleo SA. (PPSA), the Energy Research Company (EPE), the Civil House, the Ministry of Economy, the Ministry of Foreign Affairs and the Federal Court of Accounts (TCU), which made important contributions for us to meet today “, said.

The meeting was attended by ministers Luiz Eduardo Ramos of the Civil House, Paulo Guedes of the Economy, Ricardo Salles of the Environment, Augusto Heleno of the Office of Institutional Security of the Presidency of the Republic, in addition to the minister Bento Albuquerque, president of CNPE, and the representative of the state mines and energy secretariats, Adão Linhares Muniz. Representatives of the National Oil, Gas and Biofuels Agency (ANP), the Energy Research Company (EPE), Pré-Sal Petróleo S.A. (PPSA) and the other ministries that make up the CNPE also participated.

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