With Auction in Atapu and Sépia Fields, MME Foresees R$ 204 Billion in Investments and a 12% Increase in Oil and Gas Production

Written by Roberta Souza Publicado em 15/12/2021 at 16:33 Atualizado em 15/12/2021 at 17:24

Foto: reprodução

With New Investments in the Two Fields, Ministry of Mines and Energy (MME) Expects That Oil and Gas Production Will Be Significantly Elevated

On next Friday, December 17, the auction for the Atapu and Sépia fields will take place, which, according to the Ministry of Mines and Energy (MME), should provide them with new investments of R$ 204 billion, increasing gas and oil production by 12%.

The expectation is that 160,000 new direct and indirect jobs will be generated, in addition to the collection of R$ 120 billion with government shares and taxes for the Government. The auction for the Atapu and Sépia fields will have a signing bonus of R$ 11.1 billion, and of this amount, states and municipalities will receive about R$ 7.7 billion, according to information from the MME.

The Last Auction

From now on, the ANP is likely to auction oil fields only through the Permanent Offer, a bank of continuous offers that are auctioned based on investor interest. Thus, this may be the last major auction of the Agency.

The Permanent Offer already includes the 18th Round of Concessions and the 7th and 8th Rounds of Production Sharing, which were in progress at the ANP. Additionally, other fields that did not have offers in previous auctions have also been included.

About the ANP

The National Agency of Petroleum, Natural Gas and Biofuels was founded by Fernando Henrique Cardoso, along with the National Congress, and began activities in 1998. It is the regulatory body responsible for the activities of the petroleum and natural gas and biofuels industries in Brazil.

With Auction in Atapu and Sépia Fields, MME Foresees R$ 204 Billion in Investments and a 12% Increase in Oil and Gas Production

With New Investments in the Two Fields, Ministry of Mines and Energy (MME) Expects That Oil and Gas Production Will Be Significantly Elevated

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The Last Auction

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With Auction in Atapu and Sépia Fields, MME Foresees R$ 204 Billion in Investments and a 12% Increase in Oil and Gas Production

With New Investments in the Two Fields, Ministry of Mines and Energy (MME) Expects That Oil and Gas Production Will Be Significantly Elevated

See Also:

The Last Auction

About the ANP

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Heir bought 23,000 degraded acres in the Scottish Highlands, fenced the area, planted nearly 1 million native trees, and transformed empty mountains into a forest officially recognized after meeting 15 evaluation criteria over 20 years.

The Atacama Desert, the driest place on Earth, was covered in flowers and turned into a colorful carpet with more than 200 species in the phenomenon called “desert bloom,” when atypical rains awaken seeds that had remained dormant in the soil for many years.

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