Petrobras and Shell Brazil Enter the Race for the Second Round of the Transfer of Rights Auction Offering Sépia and Atapu Pre-Salt Areas

Beyond Shell and Petrobras, the oil companies Chevron, Ecopetrol, Enauta, Equinor, Exxonmobil, Petrogal, Petronas Petroleum, and Totalenergies are also in the bidding.

ANP – National Agency of Petroleum, Natural Gas and Biofuels, published yesterday the names of two more companies qualified for the Second Bidding Round of the Surplus Volumes of the Onerous Cession: the Brazilian oil giant Petrobras and Shell Brasil Petróleo SA. Both were approved in a meeting of the Special Bidding Committee (CEL).

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So far, ten companies are qualified for the bidding, as Chevron Brasil Óleo e Gás Ltda, Ecopetrol Óleo e Gás do Brasil Ltda, Enauta Energia S.A., Equinor Brasil Energia Ltda, Exxonmobil Exploração Brasil Ltda, Petrogal Brasil S.A., Petronas Petróleo Brasil Ltda., and Totalenergies E&P Brasil Ltda. had already been approved on November 3.

Second Round of the Onerous Cession Will Offer the Sépia and Atapu Areas in the Pre-Salt

Scheduled for December 17, the Second Round of the Onerous Cession will offer the Sépia and Atapu areas, both within the limits of the pre-salt polygon. CNPE Resolution No. 09/2021 established that the Notice for the Second Bidding Round of Surplus Volumes of the Onerous Cession under the production sharing regime would indicate the mandatory participation of Petrobras as the operator, occurring with 30% for both areas.

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Other requests may be analyzed in upcoming meetings of the CEL. The registered companies met all the requirements specified in the notice and are qualified to participate in the round. Qualification is mandatory and individual for each interested party, even for those intending to submit an offer through a consortium. Once the requirements established in the notice are met, and having been judged and approved by the Special Bidding Committee, the companies may submit bids for the areas, in accordance with the rules of the round.

• See the publication in the Official Gazette of the Union, at this link
• See the minutes of the Special Bidding Committee (CEL), at this link.

Petrobras Divestments in the Pipeline Segment, Pre-Salt, and the New Natural Gas Law Generate Opportunities, Attract Investments, and Growth in the Pipeline Sector in Brazil

The pipeline segment has great expansion potential in the country with the opening of the natural gas market and increased pre-salt production, as well as being a transport alternative that allows the movement of large volumes of fuels with lower greenhouse gas emissions. These are some of the conclusions from the discussions on the first day of Rio Pipeline 2021, an event held by the Brazilian Institute of Oil and Gas (IBP).

The president of IBP, Eberaldo de Almeida Neto, highlighted that Petrobras’s divestments in the pipeline segment and the New Natural Gas Law open many growth opportunities for this market, attracting investments to the country. Brazil still, he says, has a relatively small pipeline network – equivalent to 2% of the gas pipeline system in the U.S., for example.

Shell Sees Room for the Development of Hubs and Integrated Gas Projects for Industries Such as Chemicals and Fertilizers

The current demand for natural gas in the national market is around 90 million m3/day. Of this total, approximately 40 million m3/day are supplied by national production, with 76% of this volume coming from the pre-salt. During the event, possibilities for the application of the large volume of additional offshore natural gas in the coming years were discussed.

Alexandre Cerqueira, regulatory affairs manager for energy in South America at Shell, sees room for the development of hubs and integrated gas projects for industries such as chemicals and fertilizers. To achieve this goal, he states, investments in new infrastructures will be necessary.