ANP Approves Start of Joint Production in Jubarte Pre-Salt from August

Written by Andriely Medeiros de Araújo

Published on 23/07/2025 at 14:57

ANP aprova acordo de individualização da produção no pré-sal de Jubarte, na Bacia de Campos. Petrobras lidera com 97,25% de participação. Fonte: Agência Petrobras.

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ANP Approves Production Individualization Agreement in the Jubarte Pre-Salt in the Campos Basin. Petrobras Leads with 97.25% Participation.

The National Agency of Petroleum, Natural Gas, and Biofuels (ANP) approved the Production Individualization Agreement (AIP) for the shared reservoir of the Jubarte Pre-Salt in the Campos Basin.

The document, signed between Petrobras, Shell, Brava, ONGC, and the Union (through PPSA), will come into effect on August 1, 2025. The aim is to regulate the joint production of oil and natural gas in an area that extends across different concession and sharing contracts.

Petrobras Leads Operations with Nearly 100% Participation

According to the agreement validated by the ANP, Petrobras holds a significant 97.25% of production in the shared Jubarte pre-salt reservoir, consolidating its leadership.

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Agreement Covers Concession and Federal Government Areas

The shared Jubarte reservoir mainly encompasses the Jubarte Field (BC-60), responsible for almost all production, and parts of the Argonauta Field (BC-10), as well as uncontracted areas belonging to the Union.

The ANP requires agreements like this whenever reservoirs exceed the original boundaries of the blocks.

According to the bimonthly bulletin on revenues and expenses published last Tuesday (7/22) by the Ministries of Finance and Planning, the understanding reached regarding the Jubarte field is expected to result in an increase of R$ 1.7 billion in government revenue in 2025.

Companies Commit to Financial Compensation

With the individualization of production in the Jubarte pre-salt, the companies involved will need to negotiate financial compensations regarding costs already incurred and revenues generated up to the date of the AIP’s effectiveness.

This step is essential to ensure fairness in the distribution of resources among operators.

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ANP Approves Start of Joint Production in Jubarte Pre-Salt from August

ANP Approves Production Individualization Agreement in the Jubarte Pre-Salt in the Campos Basin. Petrobras Leads with 97.25% Participation.

Petrobras Leads Operations with Nearly 100% Participation

Agreement Covers Concession and Federal Government Areas

Companies Commit to Financial Compensation

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ANP Approves Start of Joint Production in Jubarte Pre-Salt from August

ANP Approves Production Individualization Agreement in the Jubarte Pre-Salt in the Campos Basin. Petrobras Leads with 97.25% Participation.

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Agreement Covers Concession and Federal Government Areas

Companies Commit to Financial Compensation

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