ABPIP participates in a Public Hearing to discuss investment prospects and the economic recovery of the oil and gas sector in Rio Grande do Norte

Public Hearing in Mossoró will discuss the economic recovery of the oil and gas sector in Rio Grande do Norte  

The City Council of Mossoró will gather the industry of Oil and Gas active in the state of Rio Grande do Norte and representatives of government entities to discuss economic recovery in the oil sector, with a focus on companies that acquired concessions from the Petrobras Divestment Program. The public hearing will be held this Thursday, March 31, from 9 am. At the invitation of councilor Lamarque Lisley de Oliveira, proponent of the hearing, the Brazilian Association of Independent Oil and Gas Producers (ABPIP) will participate in the event, represented by the Executive Secretary, Anabal Santos Jr.

Experts discuss oil and gas exploration in the state

“This will be an excellent opportunity for us to continue discussions regarding oil and gas exploration in the state, in addition to important points still pending, such as the state bill that deals with local piped gas services and environmental licensing, essential for independent companies to increase investments in the state”, he explained.

Santos Jr. says he is optimistic about the progress of discussions in the Rio Grande do Norte. “On the 17th of this month, we participated in a public hearing held at the Legislative Assembly in Natal. I perceive that the conversations are evolving and we are willing to work together with the State to solve these bottlenecks, so that the sector's production is not harmed. In the case of the Gas Bill, we are already building a new version together with the State Government, to offer this improvement to be appreciated at the ALRN. As for the revision of the state law on environmental licensing, we are looking forward to the creation by the State Government of a working group so that, finally, this issue can be dealt with more quickly”, said the executive.

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Potiguar production  

Rio Grande do Norte stands out in the scenario of oil production carried out by small operators. Independent producers, who operate mature fields purchased from Petrobras, most of them from the onshore environment, already account for 50% of production in Rio Grande do Norte, currently at 40,7 boe/d, considering the month of February 2022 .  

Together, the independent production companies generated R$ 2021 million in royalty payments to the State and around R$ 250 million in participation to landowners in 24,7. There are also forecasts of billionaire investments to be made in the State by these companies. The Potiguar Pole alone, operated by 3R Petroleum, should receive investments of around R$ 7 billion, as informed by the Company's CEO, Ricardo Savini, in a Public Hearing at ALRN.

Experts talk about the Pl of gas

According to Santos Jr., on January 1st of this year, Rio Grande do Norte began to have natural gas supplied directly by independent producing companies, with a reduction of up to 35% in the value of the molecule in relation to that previously practiced by Petrobras.    

“The ABPIP has worked with the State in search of adjustments in the 371 / 21 Bill, which establishes the norms related to the exploitation of local piped gas services, in order to guarantee harmony between State and Union attributions”, he explained. O

Another essential point to ensure the attraction of even more investments from independent producers in RN, for Santos Jr., is about the proposal to harmonize and simplify the environmental licensing of activities in land areas and the removal of the requirement of the Evaluation and Performance Report Environmental (RADA).  

“Environmental licensing is still an important bottleneck in the RN, which today has the highest cost in Brazil. It is necessary to move forward on this agenda, which has been under discussion in the state for about four years, so that the RN actually achieves the necessary progress for economic activities in oil and gas”, he concluded.