5th Round of the Pre-Salt guarantees collection of R $ 6.82 billion and R $ 1 billion in investments

MIL OSI Translation. Region: English / Latin America –

Source: Republic of Brazil 2

The world's leading oil companies have won the four blocks offered at the auction of the 5th Pre-Salt Production Sharing Round, held today (28) in Rio de Janeiro. With an average premium of 170%, the federal government raised R $ 6.82 billion in signature bonuses, in addition to royalties totaling R $ 240 billion over the next 35 years. It is expected that 512 thousand jobs will be generated from operations. The largest bonus was R $ 3.125 billion, for the Saturn area, which was bought by the consortium formed by Shell Brasil and Chevron Brasil, and the Titan area, Exxon Brazil consortium and QPI Brazil. Both are in the Santos Basin. The Pau-Brasil block, also in the Santos Basin, was with BP Energy, CNOOC Petroleum and Ecopetrol, with a bonus of R $ 500 million. The Southwest block of Green Turtle in the Campos Basin was sold to Petrobras, with a signing bonus of R $ 70 million. For Minister of Mines and Energy, Moreira Franco, the auction reaffirmed the importance of encouraging competitiveness for the attraction of investments in the country. "The oil and gas sector has returned with great force. We are convinced that the result of today's auction reflects that we are on the right track to guarantee transparency, competitiveness, investments, free competition, legal security and predictability so that all this wealth will increasingly serve the country. Our goal is to serve society and improve the quality of life of Brazilians, "he said. Previous pre-salt auctions held in 2017 and 2018 were also successful. The 4th Round, held in June, raised R $ 3.15 billion in signature bonus and minimum investments in the exploration phase equivalent to R $ 738 million, with the sale of three blocks offered. In 2017, the 2nd and 3rd auctions Pre-Salt rounds recorded record average volume of oil profit: 52.8% and 58.5%, respectively. In addition, the maximum oil volumes in these rounds were 80% for Sapinhoá area and 76.96% for Peroba area. The numbers were the highest ever recorded in the system of production sharing in the country. In addition, the auctions totaled R $ 16.8 billion of investments. With the results of today's event, the Union collects, in all, R $ 17, 95 billion with this year's three auctions. In two years, the government adds R $ 27.9 billion in revenue from exploratory oil block auctions. Last year, R $ 9.9 billion was collected, of which R $ 6.15 billion was for Pre-Salt and R $ 3.8 billion for the Post-Salt. 6th Pre-Salt Share Round May 2018, the National Petroleum Policy Council (CNPE) authorized the National Agency for Petroleum, Natural Gas and Biofuels (ANP) to detail the studies in the areas named Aram, South-east of Lula, South and Southwest of Jupiter and Boomerang in the Santos Basin. 6th round, scheduled for 2019. Check the resolution of the CNPE here.

Areas offered in the 5th Pre-Salt Production Sharing Round held today (28/9)

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