Petrobras And Oil Companies Urge National Agency Of Petroleum And Natural Gas To Convert R$ 1.8 Billion Local Content Fines Into New Investments

Written by Flavia Marinho

Published on 20/07/2022 at 16:48

Updated on 20/07/2022 at 21:13

Imagem Agencia Brazil

Seja o primeiro a reagir!

ANP Board Approves First Proposal Presented by Petrobras Worth R$ 855 Million

ANP (National Agency of Petroleum, Natural Gas and Biofuels) has already received 25 proposals from oil companies interested in memorializing conduct adjustment terms (TAC), to convert fines for non-compliance with local content requirements into new investments in goods and services in the national industry. The total requests amount to commitments of R$ 1.887 billion.

The board of the National Agency of Petroleum approved on Thursday (7/14) the first proposal presented by Petrobras. The request covers blocks and fields of operation solely from the state-owned company. These are exploration and production contracts that are expired or have ended phases.

Petrobras Will Invest R$ 855 Million in National Industry Goods and Services by 2026

Petrobras is committed to investing R$ 855 million in goods and services from the national industry by 2026, with certified local content.

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

Transforming fines into new investments is stipulated in ANP Resolution No. 848/2021. Under the terms of the resolution, the value of commitments in new orders will be equivalent to 100% of the fine amount.

According to ANP, the 25 requests for TAC celebration received by July 13, 2022, include 26 companies (in consortium or participating in individual projects). They originate from 42 notices of violation related to 53 exploration and production contracts. The agency confirmed that it expects to receive new requests.

The celebration of the agreement is optional. Based on the resolution, the commitment term replaces sanctioning administrative processes – which will be archived.

The proposals received by the National Agency of Petroleum are now under evaluation. The agency will assess the “feasibility and reasonableness of deadlines.”

After a statement from the Federal Attorney General to the regulatory body, the proposals will be forwarded for board deliberation.

Petrobras And Oil Companies Urge National Agency Of Petroleum And Natural Gas To Convert R$ 1.8 Billion Local Content Fines Into New Investments

ANP Board Approves First Proposal Presented by Petrobras Worth R$ 855 Million

Petrobras Will Invest R$ 855 Million in National Industry Goods and Services by 2026

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

China has been trying for 13 years to build a railway in the Gobi Desert to reach Mongolia, and there are still 20 kilometers left that no one can finish due to a problem that seems impossible to solve.

Inside an active volcano in Africa, residents use volcanic rocks to build houses in an impressive setting.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Inside an active volcano in Africa, residents use volcanic rocks to build houses in an impressive setting.

After 14 years of waiting, a rammed earth mansion built in 1702 in the North Zone of São Paulo will become a park with leisure facilities and green areas, with a million-dollar investment.

With 2 unfinished nuclear reactors, up to 25 billion in costs, and proven fraud, the Nukegate case has left 800,000 consumers still paying today for energy that will never be produced.

Expedition 501: Scientists drill into the ocean floor and discover a giant reserve of fresh water hidden beneath the sea, extracting nearly 50,000 liters and revealing an invisible system that could reshape the map of water scarcity.

Larger than entire cities in Brazil: BYD is building a 4.6 km² complex in Bahia with a capacity for 600,000 vehicles per year, but the discovery of 163 workers in conditions analogous to slavery has shaken the entire project.

Petrobras And Oil Companies Urge National Agency Of Petroleum And Natural Gas To Convert R$ 1.8 Billion Local Content Fines Into New Investments

ANP Board Approves First Proposal Presented by Petrobras Worth R$ 855 Million

Petrobras Will Invest R$ 855 Million in National Industry Goods and Services by 2026

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

China has been trying for 13 years to build a railway in the Gobi Desert to reach Mongolia, and there are still 20 kilometers left that no one can finish due to a problem that seems impossible to solve.

Inside an active volcano in Africa, residents use volcanic rocks to build houses in an impressive setting.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Offshore industrial demand in Macaé skyrockets with the recovery of oil and gas and could grow by up to 396% by 2026 in the Campos Basin.

Offshore industrial demand in Macaé surges with the recovery of oil and gas and could grow by up to 396% by 2026 in the Campos Basin.

Brazilian giant expands borders in the Southeast: Petrobras confirms new oil discovery in ultra-deep waters in the pre-salt of the Campos Basin.

Alert in the global energy market: Severe tropical cyclone hits the coast and disrupts gas production at major plants in Australia, threatening global supply.

Petrobras finds high-quality oil in the pre-salt at 113 km from RJ and reignites expectations about strategic reserves in the Campos Basin.

Inside an active volcano in Africa, residents use volcanic rocks to build houses in an impressive setting.

After 14 years of waiting, a rammed earth mansion built in 1702 in the North Zone of São Paulo will become a park with leisure facilities and green areas, with a million-dollar investment.

With 2 unfinished nuclear reactors, up to 25 billion in costs, and proven fraud, the Nukegate case has left 800,000 consumers still paying today for energy that will never be produced.

Expedition 501: Scientists drill into the ocean floor and discover a giant reserve of fresh water hidden beneath the sea, extracting nearly 50,000 liters and revealing an invisible system that could reshape the map of water scarcity.

Larger than entire cities in Brazil: BYD is building a 4.6 km² complex in Bahia with a capacity for 600,000 vehicles per year, but the discovery of 163 workers in conditions analogous to slavery has shaken the entire project.