1. Home
  2. / Uncategorized
  3. / 60 Oil Platforms Will Be Installed Off The Brazilian Coast With The New Auctions
Reading time 2 min of reading

60 Oil Platforms Will Be Installed Off The Brazilian Coast With The New Auctions

Written by Paulo Nogueira
Published on 29/10/2019 at 15:14
Updated on 29/10/2019 at 15:44
plataformas de petróleo offshore leilão ANP
Be the first to react!
React to this article

All of this should generate investments of R$ 300 or R$ 400 billion. Oddone also highlighted the revitalization of the mature oil fields in the Campos Basin.

On Tuesday, October 29, the general director of ANP, Décio Oddone, reported that an average of 60 oil platforms are expected to be installed in the Brazilian offshore with the new oil auctions to be conducted by the Agency. The executive’s statement was made during a breakfast at OTC Brasil 2019. In parallel, Petrobras wants to find buyers for its refineries in the Gulf.

“All of this should generate investments of R$ 300 or R$ 400 billion. It is transformative for the industry as a whole,” Oddone stated.

The need is proportional to the recent rounds and those scheduled for 2019 and 2020, including the surplus from the onerous assignment and the 6th pre-salt round, scheduled for November 6.

In a short time, the Agency will publish the resolution that defines rules for the decommissioning of fields and platforms, Oddone reported.

Onshore activities and shallow water operations in Brazil will be unlocked due to reserve based lending, along with the regulation and the reduction of royalties for incremental production from mature oil fields.

A reserve based lending operation is one in which the value of the financing is determined by the present value of the reserves to be produced and the debt repayment is made with the proceeds from the sale of produced oil and gas. The measure was regulated by ANP this year.

The executive also emphasized the revitalization of the mature oil fields in the Campos Basin and the Agency’s decision to give Petrobras a deadline to define what it will do with 250 fields in shallow waters in the Northeast.

“We are going to see this industry reborn. After decades, we are witnessing the replacement of a monopoly with an industry,” he commented.

Tags
Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

Share in apps