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Payment of R$ 70 Billion for Onerous Assignment Made by Petrobras, and Rio Receives R$ 1.2 Billion Tomorrow

Written by Roberta Souza
Published on 30/12/2019 at 17:09
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Petrobras and CNODC and CNOOC Paid, Last Friday, for Blocks Acquired in the Auction, and Rio Will Receive R$ 1.2 Billion Tomorrow

The consortium between Petrobras and Chinese companies in the purchase of two oil blocks generated revenue of R$ 69.96 billion for the National Treasury. The payment was made last Friday. Only Rio will receive R$ 1.2 billion. See also: Numerous Job Vacancies in Pará in the Areas of Construction, Engineering, and Industry

The oil blocks were acquired in the mega auction of the surplus from the onerous assignment, which took place in November in Rio de Janeiro. Only the government of the State of Rio de Janeiro will receive R$ 1.2 billion, for hosting the auctioned fields.

The National Treasury is the one that receives the amounts and allocates them, and with the auction, part of the revenue will be transferred to states and municipalities tomorrow, December 31.

The Chinese companies CNODC and CNOOC paid R$ 6.82 billion to the Treasury, resulting from the consortium with Petrobras that took the largest block from the auction. Two blocks offered in the auction were not acquired and will go to auction next year.

Of the total collected by the government, R$ 34.41 billion returned to Petrobras due to the revision of the onerous assignment contract, originally signed in 2010. It allowed the company to explore 5 billion barrels of oil in these areas.

Later, studies confirmed that there was more oil than expected, which was auctioned in the mentioned mega auction (and purchased by the state company itself).

States and Municipalities will jointly receive R$ 11.73 billion, amounts that will be available in the coffers of regional governments tomorrow, December 31. The amount that Rio will receive is already included in these figures.

Roberta Souza

Author for the Click Petróleo e Gás portal since 2019, responsible for publishing over 8,000 articles that have garnered millions of views, combining technical expertise, clarity, and engagement to inform and connect readers. A Petroleum Engineer with a postgraduate degree in Industrial Unit Commissioning, I also bring practical experience and background in the agribusiness sector, which broadens my perspective and versatility in producing specialized content. I develop content topics, disseminate job opportunities, and create advertising materials tailored for the industry audience. For content suggestions, job vacancy promotion, or advertising proposals, please contact via email: santizatagpc@gmail.com. We do not accept resumes

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