Attractive market for oil companies in view of ANP auctions

Published 10/07/2018 às 20:02

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Attractive market for oil companies in view of ANP auctions. Even with the lower price of oil, some measures are being reviewed to leverage the expectation of new business.

Attractive market for oil companies in view of ANP Auctions. Even with the lower price of oil, some measures are being reviewed to leverage the expectation of new business.

Market shows signs of growth in the face of ANP Auctions. The executive director of Accenture Strategy, Daniel Rocha (specialized in energy) informs that, although the market presents a scenario with oil prices at lower values than in the old days, we can have new hopes because a lot is being revised in the sector . New business opportunities are emerging and the example of this is the sale of assets by Petrobras and other large companies such as Maersk, according to Petrorio (former HRT).

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$1 billion in equity

Nelson Queiroz Tanure, president of Petrorio (former HRT), recalls that in 2013, his company almost succumbed and since then his efforts have been directed to mature fields (which no longer attract the attention of foreign companies). According to President Nelson, mature fields are assets that represent the company's expertise. Participations of up to US$1 billion are included in the company's plans to purchase fields that are already in the production phase.

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SALE OF ASSETS

The president of Ouro Preto, Rodolfo Landim, confirms favoring companies in view of the sale of Petrobras assets. This action represents an opportunity mainly for Brazilian companies that dominate knowledge of the country's sedimentary basins. Rodolfo recalls that in 2016 the price of a barrel was less than 30 dollars and today it is around 77 dollars. Companies were favored with the improvement in oil prices, adds Rodolfo, who was an employee of the state-owned company and former executive of Eike Batista's group.

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GROWTH OF OIL GROUPS

The current scenario shows the return to growth of oil groups on the Exchange. Large multinationals are more confident and returning to Brazil with strength. “For companies of our size, it is important that they (the multinationals) are here in the country, because it allows us to link up with them”, says the president of Queiroz Galvão Exploração e Produção (QGEP), Lincoln Guardado”.

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ANP AUCTIONS

Still in July this year, the ANP will open the bidding process for 158 blocks for oil exploration, bringing opportunities for big business. The new model of ANP auctions represents a major driver for oil companies in Brazil. Consultant Rocha, from the company Accenture Strategy, explains that at times a certain block may not represent attractiveness, but with the rise in oil prices, it can become a big business.

Also check out: Petrobras closes agreement with French renewable energy multinational.

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Attractive market for oil companies in view of ANP auctions