Petrobras And Shell Want Bonuses For Exceeding Local Content

Written by Renato Oliveira

Published on 17/05/2019 at 16:14

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Targeting Upcoming Pre-Salt Auction, Oil Companies Suggest Creation of Cash Bonuses to Be Given as Credit to Companies Exceeding Local Content

Paraphrasing the surplus from the Onerous Assignment, Petrobras and Shell are suggesting that the ANP make a change to the tender for the 6th round of pre-salt sharing.
The change would involve the inclusion of a bonus if the company exceeds the local content established during the exploration phase, to be credited in national currency in the subsequent development phases.

To safeguard the company in case of block return during the exploration phase, the measure stipulates that the excess value can be used in other blocks at the concessionaire’s discretion.

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The Content of the Suggestions

According to Petrobras, the change in the tender rewards the efforts of those who exceed local content and prevents oil companies from stopping purchases from national suppliers when they are in the final modules of exploratory activity, which, according to the Brazilian state-owned company, occurred in previous bidding rounds.

Shell shares Petrobras’s perspective and supports the transfer of surpluses or deficits of local content achieved in contracts.

It is important to remember that these measures were suggested by oil companies due to the public consultation conducted by the ANP regarding the 6th round of pre-salt bidding.

Another company that made suggestions was ExxonMobil, which proposed that Petrobras express its interest in joining the consortium during the public session for presenting offers, in cases where it has the preferential right to act as operator and the surplus in oil for the union exceeds the minimum established in the tender.

Today, May 17, the ANP is holding a public hearing in Rio de Janeiro to discuss all these received suggestions and define how the tender for the 6th pre-salt round will be structured.
The areas offered in this bidding round will include: Aram, Bumerangue, Cruzeiro do Sul, Southwest of Sagittarius, and North of Brava.

ExxonMobil Starts Race to Contract Drilling Rigs in Brazil! Click here to read!

Petrobras And Shell Want Bonuses For Exceeding Local Content

Targeting Upcoming Pre-Salt Auction, Oil Companies Suggest Creation of Cash Bonuses to Be Given as Credit to Companies Exceeding Local Content

The Content of the Suggestions

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Petrobras And Shell Want Bonuses For Exceeding Local Content

Targeting Upcoming Pre-Salt Auction, Oil Companies Suggest Creation of Cash Bonuses to Be Given as Credit to Companies Exceeding Local Content

The Content of the Suggestions

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

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One of the biggest mudslides ever recorded on the Trans-Amazon Highway trapped trucks, cars, and motorcycles at the same spot for three consecutive days while a tractor with a winch tried to free them one by one under the rain.

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