Oct.1 -The National Energy Policy Council (CNPE) approved, this Wednesday (October 1st), a resolution authorizing Pré-Sal Petróleo (PPSA), a state-owned company linked to the Ministry of Mines and Energy (MME), to hold the Auction for the Sale of Rights and Obligations arising from the Production Individualization Agreements (AIPs) for the Mero, Atapu, and Tupi Shared Oil Fields.
The auction, unprecedented in the country, will allow the transfer of the Union’s rights and obligations to private investors, based on conditions previously agreed upon with the consortia operating these fields. The measure defines the technical and economic parameters and the minimum price that PPSA must observe in the auction.
“This is the first time the Federal Government has transferred the rights and obligations of Production Individualization Agreements. It is doing so transparently, with clear rules and technical and economic parameters defined by the CNPE. With the approval of this measure, we strengthen governance over Pre-Salt resources, increase transparency in the bidding process, and ensure greater efficiency in the management of the Federal Government’s strategic assets,” stated the Minister of Mines and Energy, Alexandre Silveira.
The winning bidder will assume the rights and obligations related to the AIPs, in accordance with current contracts and observing decommissioning, environmental restoration, and operational continuity requirements.
The process will be conducted by PPSA, which will publish the minimum bid amounts in a public notice.
Brazil Energy Insight 
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