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Aiming to Preserve Economic Extractiveness in the Area and Expand Fuel Exploration in the National Territory, the Federal Government Approved the Inclusion of the Amethyst Block in the Permanent Division Offering.
In the publication of the Official Federal Gazette (DOU) on Wednesday, (08/24), the Federal Government, with the signature of President Jair Bolsonaro, approved the resolution of the National Energy Policy Council (CNPE) for the inclusion of the Amethyst Block in the Permanent Division Offering. Thus, the area will have its economic extractiveness preserved, as well as fuel exploration, which will gain a boost following the new decision.
Amethyst Block Is Included in the Permanent Division Offering in the National Fuel Exploration Sector After New Approval by the Federal Government
President Jair Bolsonaro signed the approval of the CNPE resolution regarding the inclusion of the Amethyst Block in the Permanent Division Offering process in the national fuel sector on Wednesday.
The resolution established the amount of R$ 1.7 million for the signature bonus of the Amethyst Block and 6.01% as the minimum oil surplus to be transferred to the Union, and it was presented by the CNPE to the Federal Government for subsequent public authority approval.
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“The Council considered the geological risk of the offered block, in light of the currently available data, to define the rate on the Union’s oil surplus and the bonus amount, in order to preserve the economic attractiveness of the offered area. The minimum local content, in turn, follows the same parameters as the recent bidding rounds,” commented the Federal Government’s General Secretariat in a statement released after the Official Federal Gazette announced the approval of the inclusion of the Amethyst Block in the offering.
In addition to the newly added Amethyst Block, the Federal Government’s Permanent Division Offering process also includes other available fuel exploration blocks: Agate, Aquamarine, Boomerang, Southern Cross, Emerald, Itaimbezinho, Jade, North of Brava, Southwest of Sagittarius, Tupinambá, and Tourmaline.
The auction for the concession of the fuel exploration blocks will take place on December 16, thus concluding the First Cycle of the Permanent Division Offering, attracting new investments to the oil and natural gas sector in the country.
ANP Approved Eight Companies in Total for Participation in the Permanent Division Offering Auction Aiming to Attract Investors to the Fuel Sector
For the auction to be held during the second half of December by the Federal Government, the Special Bidding Commission (CEL) of the National Agency of Oil, Natural Gas and Biofuels (ANP) had approved a total of eight companies eligible to participate in the event.
They are, besides, of course, Petrobras, the companies BP Energy do Brasil Ltda.; Chevron Brasil Oil and Gas Ltda.; CNODC Brasil Oil and Gas Ltda.; CNOOC Petroleum Brasil Ltda.; Petronas Oil Brasil Ltda.; Shell Brasil Oil Ltda; and TotalEnergies EP Brasil Ltda.
Unlike what happens in ordinary auctions in the national fuel market, in the Permanent Division Offering, the blocks are available to receive proposals, companies register, are approved, and then express which areas they wish to invest in for resource exploration.
After that, the public session occurs 120 days post-auction, and the best proposal presented on the day of the public session wins the contest, in case there is more than one bid for the same block.
Thus, in December, companies will compete for exploration in the Agate, Aquamarine, Boomerang, Southern Cross, Emerald, Itaimbezinho, Jade, North of Brava, Southwest of Sagittarius, Tupinambá, Tourmaline blocks, and now also the Amethyst Block, one of the most sought after by companies.
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