Autor: TI PPSA

Electoral legislation: changes in communication

Due to restrictions imposed by electoral legislation and the jurisprudence of the Electoral Justice and in compliance with the instructions of the Special Secretariat for Social Communication (Secom), Pré-Sal Petróleo (PPSA) informs that some changes have been implemented on the website and on the official social networks of company during the Electoral Closed period, which begins on July 2nd and ends on October 2nd, and may be extended in the event of a possible 2nd round.

The company's Linkedin and YouTube pages will be temporarily disabled during this period. Communication from the company to society will be restricted to the company's website, focusing on technical and strictly informative data. To comply with legislation, some news and presentations, as well as videos, were temporarily hidden from the site.

In April, production sharing regime reaches close to 500,000 barrels per day

Búzios leverages production, with 429 thousand barrels per day; União, in the period, was entitled to 18,800 barrels per day of production

Oil production from contracts under the sharing regime is close to reaching the mark of 500,000 barrels a day. In April, the average total production of the four contracts was 486,000 barrels of oil per day (bpd), an increase of 3% compared to the previous month. The data appears in the Monthly Bulletin of Production Sharing Contracts, released this Monday (13), by Pré-Sal Petróleo (PPSA).

Búzios, in the Santos Basin, was the field that produced the most in the period, with 429 thousand bpd. The total is also made up of the production of 44 thousand bpd from Campo de Mero, 8 thousand bpd from Entorno de Sapinhoá and 4 thousand bpd from Tartaruga Verde Sudoeste.

The Union, in the same period, was entitled to a share of 18,800 bpd of total daily production – the so-called Union Oil Surplus. Of these, 6.9 thousand bpd came from Mero, 6.1 thousand bpd from Búzios, 5.4 thousand bpd from the surroundings of Sapinhoá and 400 bpd from Tartaruga Verde Sudoeste.

Since 2017, the beginning of the historical series of the sharing regime, the accumulated production is 167 million barrels of oil. Until April of this year, the Union's accumulated share of oil was 14 million barrels of oil.

Natural gas

Also in April of this year, the total production of natural gas with commercial use averaged 1.39 million cubic meters per day (m³/day) in three contracts. Búzios contributed with 1.16 million m³/day, while Entorno de Sapinhoá and Tartaruga Verde Sudoeste produced, respectively, 202 thousand and 31 thousand m³/day. Compared to March, the volume of available gas increased by 19%.

With regard to the Natural Gas Surplus, the Union was entitled, in the month, to 164 thousand m³/day, with 145 thousand m³/day coming from the surroundings of Sapinhoá; 16 thousand m³/day from Búzios; and 3 thousand m³/day of Tartaruga Verde Sudoeste. Since 2017, the accumulated production of natural gas with commercial use, under a production sharing regime, totals 519 million m³, of which 119 million m³ are under Union law.

Access the Monthly Bulletin of Production Sharing Contracts:

 

Acesse o Boletim Mensal de Contratos de Partilha de Produção:
https://www.presalpetroleo.gov.br/eng/boletim-mensal-de-contratos-de-partilha-de-producao/

PPSA publishes Integrated Report 2021

Pre-Salt Petróleo (PPSA) released, this Tuesday (31), its Integrated Report 2021, which provides transparent and concise information about the business model and the company's performance in the period. The Report is part of the list of documents that make up the accountability of PPSA to the Federal Audit Court (TCU), as provided for in article 9 of TCU Normative Instruction No. 84/2020. The publication was prepared based on the Court's guidelines and the methodology of the International Integrated Reporting Council (IIRC), an international alliance of companies, regulators, investors, standardization bodies, accounting entities and academia, constituting a tool for dialogue with stakeholders and accountability to society.

The report presents an approach to PPSA activities on its three fronts: management of production sharing contracts, representation of the Union in production individualization agreements and management of the commercialization of Union oil and gas. The document focuses, however, on the company's strategic performance, emphasizing the structures and actions established by its managers to ensure the achievement of the established objectives, thus producing results for society. In 2021, the company raised BRL 1.22 billion for the Union.

In the publication, the reader also has information on the company's Strategic Planning, risk management methodology, improvement in corporate governance, integrity program, relationship with stakeholders, personnel and information technology, among other reports. The report also includes infographics with data on the production of fields in a production sharing regime, the companies that operate in each block, their respective percentages, contract signing dates, in addition to estimates of future revenue for the Union with the activities carried out. in this regime.

The Integrated Report 2021 is available, in full,  aqui

Petrobras begins operation of the first definitive platform in the Mero field, in the pre-salt of the Santos Basin

On April 30, Petrobras started producing oil and natural gas through the FPSO Guanabara, the first definitive production system installed in the Mero field, in the pre-salt layer of the Santos Basin. The platform, of the FPSO type (floating oil and gas production, storage and transfer unit), has the capacity to process up to 180 thousand barrels of oil and 12 million m3 of gas, which represents 6% of the production operated by Petrobras, contributing to the expected growth of the company's production. Mero is the third largest pre-salt oil field (behind Búzios and Tupi).

The platform arrived at the Mero field at the end of January 2022. During this period, it was connected to subsea wells and equipment, and underwent final tests before starting production. In the first wave, 6 producing wells and 7 injectors will be connected to the FPSO. The platform is expected to reach peak production by the end of 2022.

“The FPSO Guanabara is the most complex oil production unit operating in Brazil. The implementation of a project with this technology is the result of more than a decade of learning in the pre-salt layer and of the integrated action between Petrobras, partners and suppliers. The project was designed to combine production capacity, efficiency and reduction of greenhouse gas emissions”, highlights João Henrique Rittershaussen, director of Production Development at Petrobras.

The platform weight is 102,443 tons (equivalent to 258 Boeing 747s); height of 172 meters, equivalent to 4.6 statues of Christ the Redeemer and length of 332 meters, or three football fields. In addition, it has a power generation capacity of 100 megawatts, enough to supply a city of 330,000 inhabitants.
Built and operated by Modec, the unit is located more than 150 km off the coast of the state of Rio de Janeiro in a water depth that reaches 1,930 meters. In all, three more definitive platforms are scheduled to come into operation in the Mero field within the horizon of Petrobras' Strategic Plan 2022-2026.

The FPSO Guanabara has gas reinjection systems, where the production of gas with a content of 45% of carbon dioxide (CO2), after its own consumption in the FPSO, will be all reinjected into the deposit in order to maintain pressure and improve recovery. of oil, in addition to reducing the release of CO2 into the atmosphere. The gas reinjection will be done alternately with the water injection (Water Alternating Gas - WAG).

Additionally, the Mero field is developing an unprecedented technology for the separation of CO2-rich oil from oil on the seabed, for its reinjection from the seabed, reducing the amount of gas that reaches the FPSO, thus increasing the availability of oil FPSO and project efficiency.

The Mero 1 project is part of one of the most robust geological CO2 Capture, Use and Storage programs in the world - called CCUS. These initiatives are in line with Petrobras' commitment to reduce carbon intensity by 32% in the Exploration and Production area by 2025.

The Mero unitized field is operated by Petrobras (38.6%), in partnership with Shell Brasil (19.3%), TotalEnergies (19.3%), CNPC (9.65%), CNOOC Petroleum Brasil Ltda ( 9.65%) and Pré-Sal Petróleo S.A -PPSA (3.5%), as Union representative in the non-contracted area.

MME holds a ceremony to sign contracts for the transfer of rights in the Sépia and Atapu fields, in the Pre-Salt

Auction yielded a total signature bonus of R$ 11.1 billion, of which R$ 7.7 billion was destined for states and municipalities. Total planned investments are around R$ 204 billion.

The Ministry of Mines and Energy (MME) held, this Wednesday (27/04), in Brasília (DF), the signing ceremony of the production sharing contracts for the surplus from the transfer of rights in the Sépia and Atapu fields, located in the Santos Basin, in the Pre-Salt.

The Minister of Mines and Energy, Bento Albuquerque, highlighted that “the auction was structured with an emphasis on predictability and competitiveness, principal, best practices of transparency, traceability and legal certainty, in light of the current scenario of the world oil industry”.

The Atapu block was acquired by the consortium formed by Petrobras (operator), with 52.5%; Shell Brasil, with 25%; and TotalEnergies EP, with 22.5%. The value of the signature bonus was R$ 4 billion and the percentage of surplus oil offered to the Union was 31.68%.

The Sépia block was contracted by the consortium formed by Petrobras (operator), with 30%; TotalEnergies EP, with 28%; Petronas, with 21%; and QP Brasil, with 21%. The collection in signature bonuses was R$ 7.1 billion and the percentage of surplus in oil for the Union, 37.43%.

“This is a very special day for the Ministry of Mines and Energy, as it is the result of the hard work and perseverance of the various institutions that are present here. The Federal Government will continue to formulate policies that bring security and attractiveness to the business environment in the national energy sector. We remain firm in the purpose of transforming, in a sustainable way, our natural resources into wealth, in favor of the development of Brazil and the well-being of our society”, added Bento Albuquerque.
The auction was successfully held in December 2021 and the two fields won ensured:




- Total signature bonus of R$ 11.1 billion, of which R$ 7.7 billion is destined for states and municipalities;




- The surplus in Atapu oil reached a premium of 437% and that of Sépia reached 149%;




- Total planned investments are around R$ 204 billion; and




- The expected collection of government participation is around R$ 302 billion, over the 35 years of the contracts.




The director general of the National Agency for Petroleum, Natural Gas and Biofuels (ANP), Rodolfo Saboia, recalled that the development of the pre-salt layer is fundamental for Brazil, meaning energy security for the country. “The contracted areas are exceptional. Together, Atapu and Sépia already produce more than 220,000 barrels of oil equivalent per day,” he said.

The CEO of Pré-Sal Petróleo (PPSA), Eduardo Gerk, participated in the ceremony and in the signing of the contracts. With Sépia and Atapu, PPSA manages 29 contracts.

Understand PPSA's participation in the Sépia and Atapu auction:




November 2019

ANP offers Sepia and Atapu fields at auction, but areas have not been auctioned. Among the reasons were the uncertainties at the time regarding the amount of compensation and the percentage of participations.




December 2019

Ministry of Mines and Energy (MME) designates two actions on the subject to be carried out by PPSA: the definition of the reciprocal participation in the transfer of rights and the future production sharing agreement and the evaluation and negotiation with Petrobras for the calculation of the compensation amount before the announcement of a new auction.




February 2020

PPSA begins technical assessment work on the Sépia and Atapu deposits.

 

September 2020

PPSA forwards to the ANP, together with Petrobras, its technical report, with the definition of the reciprocal participations of the transfer of rights agreement and the future production sharing agreement.




February 2021

ANP approves the participations, defined by PPSA and Petrobras, establishing a percentage of 60.5% and 68.7% for the participation in production sharing of Atapu and Sépia, respectively.




April 2021

MME Ordinance determines that Petrobras and PPSA must sign an agreement, to be submitted to the MME for deliberation,

on the definition of parameters and amount of compensation to be paid to Petrobras.




December 2021

Agreement is entered into between PPSA and Petrobras, based on guidelines issued by a Proposition Committee, submitting, for approval by the MME, the parameters agreed with the calculated value of the compensation to be paid to the assignee for future contracts under the production sharing regime , in the amount of US$ 6.45 billion for the two fields.




December 2021

The Second Round of Surplus Volumes of the Assignment of Rights is carried out. The Sépia and Atapu blocks were sold with oil surplus percentages for the Union of 37.43% and 31.68%, respectively, corresponding to premiums of 149.20% and 437.86%.




April 2022

The production sharing contracts for the surplus volumes from the transfer of rights in the Sépia and Atapu fields are signed. Production of the co-participation fields will begin. PPSA starts to manage the contracts.




The ceremony also had the participation of the Minister of Science, Technology and Innovation, Paulo Alvim, the federal deputy, Júlio Lopes and the president of Petrobras, José Mauro Ferreira.

 

MME realiza cerimônia de assinatura dos contratos da cessão onerosa dos campos de Sépia e Atapu, no Pré-Sal – Foto: Bruno Spada.