New Agreement Signed Between ANP and RJ Government to Enhance Oversight of Oil and Gas Production

Written by Roberta Souza

Published on 16/06/2021 at 07:53

Logo da ANP/ Fonte: Panorama Offshore

Be the first to react!

Yesterday (14), the ANP and the Government of Rio de Janeiro Signed an Agreement to Enhance Oversight of Royalties and Special Participation Payments in Oil Exploration

On this Monday (06/14), the Government of Rio de Janeiro and the ANP – National Agency of Petroleum, Natural Gas and Biofuels – signed a cooperation agreement to enhance oversight of royalty payments and special participation on the production of oil and gas in the state. Also see: National Agency of Petroleum (ANP) Conducts Joint Operation in Rio de Janeiro to Investigate Complaints at Fuel Stations; 17 Nozzles Were Sealed

Agreement Between the ANP and the Government of Rio de Janeiro

In a statement to the press, the Government of Rio de Janeiro clarifies that the agreement with the ANP defines parameters to improve the methodology for overseeing compensatory revenues from oil and gas exploration in Rio. The State Finance Secretariat (Sefaz-RJ) estimates that the state of Rio de Janeiro may have lost about R$ 10 billion in special participation tax collection over the past ten years.

The execution of the agreement between the ANP and the Government of Rio de Janeiro fulfills a determination from the Federal Supreme Court (STF) and occurs amid the work of the Parliamentary Inquiry Commission (CPI), established by the Legislative Assembly of the State of Rio de Janeiro (Alerj) in March, regarding the drop in revenue from oil recorded at the beginning of 2021. In the first two months, the state collection of royalties and special participations totaled R$ 2.57 billion, about R$ 800 million less than was recorded in the same period of 2020.

ARTICLE CONTINUES BELOW

The Signing of the National Agency of Petroleum, Natural Gas and Biofuels and the Government of RJ

The signing ceremony of the agreement for the oversight of oil and gas between the ANP and the Government of Rio de Janeiro took place yesterday, Monday, at the Tiradentes Palace, headquarters of the Alerj. Among other authorities, present at the meeting were the Governor of Rio, Cláudio Castro, and the president of the Alerj, deputy André Ceciliano (PT).

The expectation of the ANP is that the agreement will increase the capacity for auditing deductible expenses declared by the concession holders regarding the oil and natural gas producing fields.

Also See: Discrepancies Between the ANP and Petrobras

The ANP and Petrobras have had a year-long dispute over the collection of special participations on the Tupi field (formerly Lua), the largest in the country, among a few other pre-salt fields. The discrepancy directly impacts the coffers of Rio. The regulatory body believes that Lula and Cernambi technically constitute a single field, while the state-owned oil company claims they are two different reservoirs.

This discrepancy between the ANP and the state-owned company has direct implications for the collection of special participations – extraordinary financial compensation owed by producers and that applies only to fields with large production volume. The collection of special participations is based on the net revenue of each field’s quarterly production, through progressive rates that vary, among other factors, according to the production volume of the concession. In practical terms, the unification of two areas into one field raises the base upon which the compensation is calculated.

In addition to the unification of Tupi, Petrobras and the ANP have two other similar disputes regarding the fields of Baúna and Piracaba (Santos Basin) and Tartaruga Verde and Tartaruga Mestiça (Campos Basin). The state-owned oil company has taken these disputes to the International Court of Arbitration of the International Chamber of Commerce (ICC). According to the 2020 reference form published by the company, these three arbitrations involve a “possible chance of loss” of R$ 1.576 billion.

New Agreement Signed Between ANP and RJ Government to Enhance Oversight of Oil and Gas Production

Yesterday (14), the ANP and the Government of Rio de Janeiro Signed an Agreement to Enhance Oversight of Royalties and Special Participation Payments in Oil Exploration

Agreement Between the ANP and the Government of Rio de Janeiro

The Signing of the National Agency of Petroleum, Natural Gas and Biofuels and the Government of RJ

Also See: Discrepancies Between the ANP and Petrobras

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

In a billion-dollar agreement of nearly R$ 50 billion, Dell takes over the supply of Microsoft software for the Pentagon and accelerates one of the largest military digital transformation initiatives of the decade with a direct impact on security and technology.

Road that charges electric vehicles through the ground is already operational in the USA and could change the future of wireless charging

BYD will bring the God’s Eye to Brazil in 2027, named Olho de Deus, an advanced driver assistance system with artificial intelligence, 5G network, and satellite connection that the Chinese automaker wants to popularize across its entire line of cars.

A buried river highway from 4,000 years ago in Iraq reappears in Cold War spy satellite images and reveals how boats transported grains, copper, wood, and wealth between major cities of ancient Mesopotamia.

The ship Norse Wind entered into operation with a 3,200-ton crane capable of installing at sea wind turbines with blades larger than a football field.

New Agreement Signed Between ANP and RJ Government to Enhance Oversight of Oil and Gas Production

Yesterday (14), the ANP and the Government of Rio de Janeiro Signed an Agreement to Enhance Oversight of Royalties and Special Participation Payments in Oil Exploration

Agreement Between the ANP and the Government of Rio de Janeiro

The Signing of the National Agency of Petroleum, Natural Gas and Biofuels and the Government of RJ

Also See: Discrepancies Between the ANP and Petrobras

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

IBS and CBS regulations change credit reimbursement and raise financial alert in the oil and gas industry

China puts into operation the largest shallow lithology offshore field in the country, with 79 wells, heavy oil, and a production of 20,000 barrels per day.

Petrobras announces an investment of R$ 2.8 billion in Amazonas to expand natural gas production in Urucu and modernize the river fleet, boosting energy, logistics, and the regional economy with new vessels adapted for operation in the Amazon.

In a billion-dollar agreement of nearly R$ 50 billion, Dell takes over the supply of Microsoft software for the Pentagon and accelerates one of the largest military digital transformation initiatives of the decade with a direct impact on security and technology.

Road that charges electric vehicles through the ground is already operational in the USA and could change the future of wireless charging

BYD will bring the God’s Eye to Brazil in 2027, named Olho de Deus, an advanced driver assistance system with artificial intelligence, 5G network, and satellite connection that the Chinese automaker wants to popularize across its entire line of cars.

A buried river highway from 4,000 years ago in Iraq reappears in Cold War spy satellite images and reveals how boats transported grains, copper, wood, and wealth between major cities of ancient Mesopotamia.

The ship Norse Wind entered into operation with a 3,200-ton crane capable of installing at sea wind turbines with blades larger than a football field.