Petrobras and Chinese Companies Sign Contracts for the 6th Production Sharing Round and the Surplus from the Surplus Transfer

Petrobras – The production sharing contracts for Búzios and Itapu, from the Surplus Transfer Bidding Round, and for Aram, from the 6th Production Sharing Round, were signed yesterday (March 30). The winning bidders celebrated production sharing contracts with the Ministry of Mines and Energy, the ANP, and Pré-Sal Petróleo SA (PPSA) for the exploration and production of oil and natural gas.

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The Búzios block was auctioned off in the Surplus Transfer Bidding Round held on November 6, 2019, by a consortium formed by the companies Petrobras, CNODC, and CNOOC. The contract will be valid for 35 years and represented a revenue of R$ 68,194,000,000.00 (sixty-eight billion and one hundred ninety-four million reais) for the Union, in addition to a surplus percentage of 23.24% in oil.

Meanwhile, the Itapu block, also auctioned in the Surplus Transfer Bidding Round, was contracted exclusively with Petrobras, which offered R$ 1,766,000,000.00 (one billion seven hundred sixty-six million reais) and a surplus percentage of 18.15% in oil for the contract.

The Aram block was auctioned in the 6th Production Sharing Round held on November 7, 2019, by a consortium formed by Petrobras and CNODC Brasil, which offered a signing bonus of R$ 5,050,000,000.00 (five billion fifty million reais) and a surplus percentage in oil for the Union of 29.96%.

The amounts related to the signing bonus were paid by the companies in December 2019, and the signing of the contracts allows for the agreed investments to be made.

Source ANP