ANP approves eight companies for the first Permanent Sharing Offer

Permanent share offer auction will be on December 16

The public session in which companies will present their proposals for the blocks of the 1st Cycle of Permanent Production Sharing Offer will be on December 16, according to the calendar approved yesterday (16) by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).Permanent share offer auction will be on December 16

The auction is the first of the sharing regime to be carried out using the permanent offer modality, in which registered companies have a deadline to express interest in the blocks that will be put up for dispute on the day of the public bidding session.

The sharing regime is one in which the contracting companies are obliged to reserve a part of the oil extracted from the wells for the Union. These contracts are signed only for fields that are within the pre-salt polygon or in areas considered strategic.

On August 5th, the ANP released that Petrobras’ inscriptions were approved; BP Energy do Brasil Ltda.; Chevron Brasil Óleo e Gás Ltda.; CNODC Brasil Petróleo e Gás Ltda.; CNOOC Petroleum Brasil Ltda.; Petronas Petróleo Brasil Ltda.; Shell Brasil Petróleo Ltda; and TotalEnergies EP Brasil Ltda.

The ANP also announced this Wednesday (17) that the Special Bidding Commission (CEL) for the auction qualified Shell Brasil as Operator A+. With this qualification, the company will be able to act as operator in blocks that will be contracted in the auction.

According to the agency, new company qualification opinions will be analyzed at the next CEL meetings.

Among the 11 blocks on offer in this auction, six were expected to be offered in the 7th and 8th production sharing rounds, and five were offered in previous rounds, and received no bids. There are two blocks in the Campos Basin and nine in the Santos Basin.

Since February, Petrobras has expressed interest in exercising its preemptive right for the Água Marinha and Norte de Brava blocks, guaranteeing a percentage of 30% in the contracts that are signed for these blocks.

Calendar

The schedule approved yesterday by the ANP provides that the cycle of the permanent offer auction began today (17th), and a series of deadlines must be met by the companies enrolled in the event.

Companies have until October 10th to present the declarations of the blocks of interest, accompanied by the offer guarantees required for each block, in addition to delivering the qualification documents.

On October 25th, the ANP will disclose which blocks have attracted interest from companies and will be on offer in the auction cycle, and companies will have until November 8th to submit new declarations of interest for these blocks. The proposals will be compared on the day of the public session on December 16th.

The signing bonus for production sharing contracts must be paid by March 3 of the next year, and the deadline for signing the contracts ends on April 28.

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