ANP Will Create TPC to Encourage Investments in Production Development

The Goal Is to Encourage Investments in Oil Discoveries of Small and Medium Size That Present Logistical, Technical, or Operational Challenges

The ANP board approved today (10/25) the holding of a Public Consultation (PC) to collect suggestions, data, and information from society on the creation of regulatory instruments to encourage the development of oil and gas production accumulations with low economic attractiveness. The PC aims to encourage companies to invest in oil discoveries of small and medium size that present logistical, technical, or operational challenges for production development and the increase of final recovery factor.

The ANP’s initiative aims for the rational use of energy resources, job generation, and the increase of royalty collection by the Union, States, and Municipalities.

The PC is open to bodies and entities of the powers of the Union, States, the Federal District, and Municipalities, to the entire oil market, to consumers, to technical segments, as well as to the general public from various segments of civil society interested in oil and natural gas exploration and production activities subject to ANP regulation. SOURCE: ANP