Petrobras and the Chinese buy two areas in the pre-salt surplus mega-auction

Of the 106,5 billion in signing bonuses, R$69,96 billion were raised, R$62,8 billion paid by Petrobras and the rest by the Chinese

Petrobras and the Chinese were the stars of the onerous assignment mega-auction, which lived up to its fame, the bidding round that had been called a mega-auction due to the figures and numbers involved, and which would make Brazil change levels, starting to being the fifth largest producer in the world, had the expected collection record but did not attract the attention of international oil companies, with the exception of the Chinese who bought 10% of the Búzios field. See also the results of the 3D surveys in the field of Búzios!

According to the opening speech of the mega auction, the Minister of Mines and Energy, Bento Albuquerque, Brazil will start, in the short term, to produce 7 million barrels per day with the production of the areas offered and that the country can no longer miss the opportunity to transform this immense heritage of the pre-salt in wealth.

Décio Oddone, general director of ANP he spoke, emphasizing that “continuing to explore the pre-salt layer at a time of energy transition would be to renew an option for poverty, something unforgivable for a country with millions in poverty”.

The auction had the highest signature bonus and exploratory area offered, just to give you an idea, areas with a total bonus of R$ 106,561 billion will be offered, that is, an amount 2,6 times greater than the sum of the bonuses of the other six sharing, already including the one scheduled for tomorrow (7/11).

Petrobras confirmed the offers it would make in the Búzios and Itapu fields. The Búzios field, which had triggered the biggest bonus in history among the fields auctioned in the production sharing rounds, was contracted without competition and without premium, Petrobras (90%) and CNODC (5%) and CNOOC (5%) made the proposal of BRL 68,19 billion, (BRL 61 billion from Petrobras and the other BRL 7 billion from the Chinese) for the asset and 23,24% of the profit oil through envelope No. 6.

The Itapu field will be 100% owned by Petrobras, the oil company was the only one to make a proposal and will operate alone the smallest field in the auction and has an FPSO scheduled for 2024, the value was contracted without premium, with 18,15% of the oil- profit and was R$ 1,8 billion.

perspectives

The ANP estimated, if all areas were sold, that the surplus auction alone could generate demand for 17 platforms, enable the production of up to 2 million barrels per day of oil, R$ 420 million in investments and R$ 1,956 billion in taxes, numbers very close to those of all auctions held until 2016 or between 2017 and this year combined.

Petrobras already maintains platforms in the onerous assignment area. In September, production in the transfer of rights area was 478 barrels of oil and gas per day. The Búzios field is already the second largest in oil production in Brazil.
So far, Petrobras has extracted 120,9 million barrels in the region, equivalent to just 2,42% of the 5 billion barrels to which it is entitled, according to ANP data.

According to the Minister of Mines and Energy, Bento Albuquerque, the areas not sold in the mega auction for the onerous assignment should be re-bid in eight or nine months.
Let's wait for the auction of the 6th round of sharing that will take place tomorrow, November 07th.

Read too ! Petrobras will start a drilling campaign in Uirapuru, in the Santos basin, later this month!