The 1st Cycle of the Permanent Production Sharing Offer (OPP), carried out today (12/16) by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), had four blocks purchased, out of the 11 on offer, generating a collection of R$ 916,252,000.00 in signing bonus (72% of the maximum possible). From 2023, Pré-Sal Petróleo (PPSA) will manage all contracts, as well as 19 other contracts that currently operate under a production sharing regime. The contracts signing is expected to take place by 04/28/2023.

The ANP General Director, Rodolfo Saboia, highlighted the fact that two of the areas, Água Marinha and Norte de Brava, had competition. “In Água Marinha, the minimum percentage of excess oil was exceeded by 220% and, in the case of Norte de Brava, the percentage offered had a premium of almost 171.73% in relation to the minimum. With this, we guarantee more resources for Brazilian society in the long term, through greater collection on the oil production profit resulting from the auction”, he added.

As in all rounds under the sharing regime, in this event, the signature bonuses (amount paid in cash by the companies that win areas in the tender process) were fixed and determined in the public notice. Thus, the criterion for choosing the winning companies was the oil surplus for the Union. The tender notice established a minimum percentage of oil surplus for the companies to make their bids.

The oil surplus is the portion of oil and/or natural gas production to be shared between the Union and the contracted company, according to criteria defined in the contract, resulting from the difference between the total production volume and the portions related to royalties due and to the cost in oil (portion of production corresponding to the company’s costs and investments in the field operation).

See the results of the Round: