Companies interested in buying the first cargo of oil from the Union from the production sharing contract in the Sépia field have until tomorrow (31), at 12 pm, to send their offer to Pré-Sal Petróleo (PPSA). The public company, linked to the Ministry of Mines and Energy (MME), has been responsible since November 2013 for managing production sharing contracts; for the representation of the Union in production individualization agreements, also called unitization agreements; and for managing the commercialization of oil and natural gas.
The first sale of oil from Sepia was announced today (30) by PPSA. The company sent an invitation letter to the market for ten companies that already have operations in the pre-salt layer, offering, through direct sales, a load of 500 thousand barrels for loading in the last quarter of the year.
The company that offers the highest price will be the winner, based on the reference price established for Sepia oil by the National Agency for Petroleum, Natural Gas and Biofuels (ANP), PPSA said through its press office.
In order to guarantee the integrity of the process, a system was created online in which companies previously registered to send their proposals to PPSA. Until 12 noon tomorrow, each participant will enter this system and send their proposal by means of a document with a password. After the deadline, PPSA’s commercialization superintendent, Guilherme França, will meet via Teams with the group and open the proposals in front of all participants, to emphasize the transparency of the operation.
During the virtual meeting, the companies present will know who gave the best price. However, the process will only be made public after the meeting of the Board of Directors of Pre-Salt Oil. The result is expected to be released by the 2nd of September.
