Modernizing Brazils oil & gas legal framework Andr CORRA DO - - PowerPoint PPT Presentation
Modernizing Brazils oil & gas legal framework Andr CORRA DO LAGO Brazils Ambassador to Japan JOGMEC Techno Forum (Tokyo, November 29th, 2016) 1. Overview of Brazils Oil & Gas Production 2. Petrobras at a glance 3. Whats
JOGMEC Techno Forum (Tokyo, November 29th, 2016)
Rounds 7.5 million km2 of sedimentary basins (both onshore and offshore)
Pre-salt area
Source: ANP
Source: ANP (National Agency of Petroleum, Natural Gas and Biofuels
Source: ANP
Source: ANP
Source: ANP
floating)
Paulo and New York stock exhanges (Government has a 50.3% stake in voting shares)
Source: Petrobras
Oil refinery in Okinawa: Taiyo Oil Gaspetro: 49% stake to Mitsui
Petrobras participation in the Pre-salt Petrobras would no longer have a mandatory stake in pre- salt fields. Instead, it would have the right to choose whether to act as operator and hold a minimum 30% stake in the consortia formed in the pre-salt area.
Local content requirements Decree 8.637 (2016) Program to stimulate the competitiveness of the industry suppliers. Moving from a sanction-based regime to one based on both incentives and sanctions. Incentives not only to suppliers but also to concession holders
Extension of REPETRO Special customs regime for the export and import of goods intended for research activities and exploitation of oil and gas. Established in 1999, expires in 2019. The Ministry of Mines and Energy has formally proposed its extension (Resolution 2, March 3rd, 2016)
Sectors/Basins under ANP evaluation
14th Round – Concession of Exploratory Blocks
Areas under evaluation Auction foreseen in 2017
4 Unitization areas in the pre-salt under evaluation Auction foreseen in 2017
2nd Round – Production Sharing Contracts
Tartaruga Verde Gato do Mato Carcará (*) Sapinhoá
MoC on Investment in Infrastructure Scope: (i) transportation and logistics ; (ii) information and communications technology ; and (iii) energy.