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NBome. Brazilian Bidding Rounds. Claudia Rabello Licensing Rounds Promotion Superintendent - ANP. Legal framework. Brazilian Federal Constitution, article 177: O&G Exploration and Production activities are monopoly of the Union; Union may allow granting of E&P activities.
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NBome Brazilian Bidding Rounds Claudia Rabello Licensing Rounds PromotionSuperintendent - ANP
Legal framework • Brazilian Federal Constitution, article 177: • O&G Exploration and Production activities are monopoly of the Union; • Union may allow granting of E&P activities. • Law no. 9.478/97: • CNPE and ANP were created. • ANP’s duties: • regulating, contracting and inspecting: • Tender Protocols and Contracts; • Bidding Rounds; and • Execution of contracts.
Timeline Previousbidding rounds 1998 2002 2001 1997 2003 2004 1999 1995 2000 Round 4 Round 3 Round Zero Law no. 9478 PetroleumLaw CNPE / ANP Round 5 Round 6 Round 1 Constitutional Amendment no. 9 Round 2 2008 2012 2007 2013 2005 2006 2009 2010 Law no. 12734 Royalties Distribution Round 10 Offshore Round 9 Round 7 Round 8 Canceled Law no. 12276 OnerousAssignment Petrobras Law no. 12351 PSC and Social Fund Law no. 12304 PPSA Law no. 11909 GasAct Round 11
11thBidding Round Concession Agreement
11thBidding Round Scope • 289 • Blocks • 23 • Sectors • 11 • Sedimentarybasins • 155,800 km² • Areaonoffer
11thBidding Round Results • Newoperators • 6
11thBidding Round Results
11thBidding Round Results
11thBidding Round Record numbers
11thBidding Round Objectives • Expand Brazilian reserves and knowledge of sedimentary basins; • Decentralize exploratory investment in Brazil; • Increase the participation of small and medium-size companies; • Retain domestic and foreign companies in Brazil, continuing demand for local goods and services, job creation and income distribution.
12th Bidding Round Concession Agreement
12thBidding Round Schedule Preliminary Tender Protocol ConcessionAgreement Draft Aug 08 Jan 2014 Sep 24 Jul 09 Jun 17 PublicHearing Tender Protocol ConcessionAgreementModel Endofqualificationperiod SigningofConcessionAgreements Oct 30 and 31 Biddays PendingCNPE’sapproval
12thBidding Round Sedimentarybasins Parnaíba Basin Acre Basin Sergipe-Alagoas Basin Parecis Basin Recôncavo Basin Paraná Basin São Francisco Basin
12thBidding Round Infrastructure Legend • Flows (operation) • Flows (construction) • Terminals • UPGNs • Construction • Operation • Capitals State Limit Proposed Source: ANP StatisticalYearbook, 2012
12thBidding Round Gaspipelines 1999 3,705 km ofgaspipelines 2012 9,489 km ofgaspipelines Gas Pipelines under construction • Gas Pipelines Source: ANP and Petrobras • LNG Terminals Source: ANP and Petrobras Proposed
12thBidding Round Transmissionlines Source: http://sigel.aneel.gov.br/
1st Pre-salt Bidding Round Production Sharing Agreement
1stPre-saltBidding Round The1stPre-saltBidding Round November 2013
1stPre-saltBidding Round Forcastedareas • “Libra” • 2-ANP-2A-RJS • 27 API oil • VOIP • 18 billionbarrels • Others Libra Prospect– Fast track – Salt base – mapping in time 2-ANP-2A-RJS
1stPre-saltBidding Round Law no. 12.351/10 • Petrobras - mandatory operator with at least 30% participation; • Bidding Rounds criteria of offers: the greater split oil; • Signature Bonus, Minimum Work Program and Local Content are defined in Tender Protocol; • Union does not assume the risks or incurs expenses; • Union may contract Petrobras directly; • Term of the contract: 35 years
1stPre-saltBidding Round Law no. 12.351/10 ANP – Regulatory Agency: • Promotes the Bidding Rounds; • Follows the contracts execution; • Inspect the activities. PPSA – State Company: • Represents the Union in the consortium; • Audits and approves the costs oil; • Chairs the Operational Committee;
Claudia Rabello Licensing Rounds Promotion Superintendence rodadas@anp.gov.br http://www.brasil-rounds.gov.br http://www.anp.gov.br