Oil Companies Will Have to Pay Up to 1% to Landowners Where Oil and Natural Gas Exploration Activities Are Conducted

Written by Flavia Marinho

Published on 25/08/2022 at 15:10

Campo terrestre de exploração de petróleo e gás natural – Imagem UOL

Be the first to react!

ANP Approves Resolution Determining Payment of Up to 1% to Landowners Where Oil and Natural Gas Exploration Activities Are Carried Out

The ANP Board informed this afternoon (08/25) that it approved the resolution addressing the revision of ANP Ordinance No. 143/1998, which regulates the procedures related to the verification and payment to landowners regarding oil and natural gas exploration and production activities conducted by oil companies.

According to ANP, the payment to landowners is a financial compensation owed by the companies engaged in oil and natural gas exploration and production to the landowners of the areas where these activities are conducted. This payment is made monthly.

The Agency informs that, with the new resolution, the current standard rate of 1% on gross production revenue will be flexible, varying between 0.5% and 1%. This change will only take effect for new bidding processes, not affecting currently producing fields and existing landowners.

ARTICLE CONTINUES BELOW

Oil Companies Will Have to Pay Between 0.5% and 1% of the Production of Oil and Natural Gas to Landowners

The ANP Ordinance No. 143/1998 regulated the procedures related to the calculation and payment of this participation owed to third parties, and determined, as a general rule, the application of the 1% rate for payment to landowners, allowing as an exception the rate of 0.5% for the cases: (1) marginal fields; and (2) field-school projects.

Since 2020, ANP has started studies on possible changes to these rules, conducting a Regulatory Impact Analysis (RIA) aimed at identifying the regulatory problem, the affected economic agents, legal foundation, objectives to be achieved, and identifying and evaluating regulatory alternatives.

As a result of the RIA, it was verified the relevance of reviewing ANP Ordinance No. 143/1998, in order to flexibilize the definition of the rate of payment due to landowners according to Law 9,478/1997 and standardize currently omitted points. The draft resolution also underwent a 45-day public consultation and public hearing.

ANP stated in the announcement that specific improvements were also made to the regulation to provide greater legal certainty for concessionaires and landowners.

“The resolution will take effect after its publication in the Official Gazette of the Union,” concluded ANP.

Oil Companies Will Have to Pay Up to 1% to Landowners Where Oil and Natural Gas Exploration Activities Are Conducted

ANP Approves Resolution Determining Payment of Up to 1% to Landowners Where Oil and Natural Gas Exploration Activities Are Carried Out

Oil Companies Will Have to Pay Between 0.5% and 1% of the Production of Oil and Natural Gas to Landowners

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Lula says that the Brazilian naval industry will “thrash” China and Korea, while the government announces billions for barges, pushers, and a new hydro terminal in the Amazon.

Far from football, São Paulo idol and former national team player becomes a wine producer in Italy, transforms the nickname “Prophet” into his own brand, and now runs a winery, restaurant, and hotel in Piedmont.

Train of up to 111 tons leaves China for Brazil, crosses almost 20,000 km in up to 70 days by ship, and arrives in São Paulo in such a tight operation that a truck even had to deflate its tires to pass under a viaduct.

The race of humanoid robots in factories has truly begun, Hyundai announced that it will deploy more than 25,000 units of Atlas in its production lines starting in 2028, in a partnership that involves Boston Dynamics and training with Google DeepMind.

Oil Companies Will Have to Pay Up to 1% to Landowners Where Oil and Natural Gas Exploration Activities Are Conducted

ANP Approves Resolution Determining Payment of Up to 1% to Landowners Where Oil and Natural Gas Exploration Activities Are Carried Out

Oil Companies Will Have to Pay Between 0.5% and 1% of the Production of Oil and Natural Gas to Landowners

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

IBS and CBS regulations change credit reimbursement and raise financial alert in the oil and gas industry

China puts into operation the largest shallow lithology offshore field in the country, with 79 wells, heavy oil, and a production of 20,000 barrels per day.

Petrobras announces an investment of R$ 2.8 billion in Amazonas to expand natural gas production in Urucu and modernize the river fleet, boosting energy, logistics, and the regional economy with new vessels adapted for operation in the Amazon.

Lula says that the Brazilian naval industry will “thrash” China and Korea, while the government announces billions for barges, pushers, and a new hydro terminal in the Amazon.

Far from football, São Paulo idol and former national team player becomes a wine producer in Italy, transforms the nickname “Prophet” into his own brand, and now runs a winery, restaurant, and hotel in Piedmont.

Train of up to 111 tons leaves China for Brazil, crosses almost 20,000 km in up to 70 days by ship, and arrives in São Paulo in such a tight operation that a truck even had to deflate its tires to pass under a viaduct.

The race of humanoid robots in factories has truly begun, Hyundai announced that it will deploy more than 25,000 units of Atlas in its production lines starting in 2028, in a partnership that involves Boston Dynamics and training with Google DeepMind.