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Petrobras informs that in compliance with the court decision, all registrations of names referred to as “Lula” will be changed
Petrobras informed last night in a material fact that the Lula field, the largest producer of oil and natural gas in Brazil, located in the pre-salt of the Santos Basin, will be called Tupi after determination by the ANP. Petrobras guarantees employment of oil tankers until August 2022
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Petrobras informs that in compliance with the court decision that determined that the oil company should rename the asset, all registrations of the names referred to as “Lula” will be changed as follows: a) Sul de Tupi, onerous assignment agreement and; b) Tupi Leste, an area not contracted and belonging to the Federal Government, represented by Pré-Sal Petróleo (PPSA).
The approval aims to comply with the court decision of July 7, 2020, in popular action, which determined the annulment of the designation of the Tupi area as Campo de Lula, which took place in 2010.
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The Tupi field is predominantly located in the BM-S-11 concession, 230 km off the coast of the state of Rio de Janeiro, and is operated by Petrobras (65%), in partnership with Shell Brasil Petróleo Ltda (25%) and Petrogal Brasil SA (10%).
The “Lula” field, now renamed Tupi, started production in its first definitive system in 2010, with the operation of Cidade de Angra do Reis, and is currently the largest oil and natural gas producing field in the country.
Understand the case
In July of this year, Petrobras received a court order to change the name of the Lula field, the case originated in a class action filed by lawyer Karina Pichsenmeister Palma, partner of Gama Advogados, in Porto Alegre.
In 2015, the allegation of the action was that, although it is common to name oil fields using the names of marine animals, the change at the time had the clear intention of honoring the former President of the Republic, Luiz Inácio Lula da Silva.
The action was accepted by Federal Judge Marga Inge Barth Tessler, from the Federal Regional Court of the 4th Region, who ruled as follows: it was proven, in the records, that the administrative act that named the oil field (public property) 'Campo de Lula' aimed at the personal promotion of a living person (President of the Republic at the time the act was carried out). In this context, the act must be annulled, in view of the defect/deviation in the purpose of the act”.
