With Reduced Royalties and Extended Deadline by ANP, Azevedo & Travassos Strengthens Its Operations in Tanatau Field

Written by Andriely Medeiros de Araújo

Published on 04/06/2025 at 13:55

A Azevedo & Travassos conquistou duas decisões favoráveis da ANP: redução de royalties no campo de Tanatau e ampliação no prazo de exploração. Imagem: CANVA

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Azevedo & Travassos Achieved Two Favorable Decisions from ANP: Reduction of Royalties in Tanatau Field and Extension of Exploration Period.

Azevedo & Travassos Energia (ATE) received the green light from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) for two strategic advancements in its operations in the oil and gas onshore sector. The first is the reduction of the royalty rate to 5% in the Tanatau field, located in the Potiguar Basin, in Rio Grande do Norte.

This measure represents an important financial relief for the operation of the field, operated by Phoenix Óleo & Gás.

The second decision extends the exploration phase of contract POT-T-610 by an additional 18 months, prolonging the deadline to August 28, 2026.

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Royalty Reduction Enhances Viability of Tanatau Field

The approval of the royalty rate reduction in the Tanatau field, from 10% to 5%, represents an important advance for the economic sustainability of the asset.

This change takes effect from the production of the month following the signing of the amendment between ATE and ANP.

The Tanatau field is located in the Potiguar Basin, one of the most traditional regions for land production in Brazil.

This measure follows the line of flexibilizations outlined by the ANP to encourage the utilization of marginal or mature fields, which require greater technical and financial effort for continued production.

Extension of Exploration Phase Provides More Time for Studies

Another highlight is the extension of the exploration period for block POT-T-610, which is now valid until the end of August 2026.

This measure is provided for in ANP Resolution No. 878, of 2022, which allows companies more time to conduct studies and develop the area more efficiently.

Located inland, the block is part of the company’s expansion strategy in areas with still unexplored potential, contributing to the diversification of national onshore production.

Azevedo & Travassos Strategy Aims for Growth in Onshore Segment

For the president of Azevedo & Travassos Energia, Ivan Carvalho, the ANP decisions mark an important reinforcement in the company’s strategy:

“The company believes that these measures strengthen its operations in the onshore exploration and production sector, contributing to greater operational efficiency and value generation for its shareholders,” he emphasized in an official statement.

The company is also responsible for Heftos Óleo & Gás, an industrial branch that operates in onshore and offshore projects, with a robust technical portfolio that includes works in refineries, platforms, and hydrocarbon transport systems.

Tradition and Innovation in Brazilian Engineering

Founded in 1922, Azevedo & Travassos has accumulated over 1,100 significant projects throughout its history, participating in the construction of landmarks such as the Imigrantes Highway, the São Paulo Metro, various gas pipelines, and industrial works in major refineries and platforms.

With a history of innovation, the company continues to invest in strategic assets in the oil and gas sector, demonstrating its ability to adapt to new market demands and the Brazilian regulatory environment.

Source: PetroNotícias

With Reduced Royalties and Extended Deadline by ANP, Azevedo & Travassos Strengthens Its Operations in Tanatau Field

Azevedo & Travassos Achieved Two Favorable Decisions from ANP: Reduction of Royalties in Tanatau Field and Extension of Exploration Period.

Royalty Reduction Enhances Viability of Tanatau Field

Extension of Exploration Phase Provides More Time for Studies

Azevedo & Travassos Strategy Aims for Growth in Onshore Segment

Tradition and Innovation in Brazilian Engineering

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With Reduced Royalties and Extended Deadline by ANP, Azevedo & Travassos Strengthens Its Operations in Tanatau Field

Azevedo & Travassos Achieved Two Favorable Decisions from ANP: Reduction of Royalties in Tanatau Field and Extension of Exploration Period.

Royalty Reduction Enhances Viability of Tanatau Field

Extension of Exploration Phase Provides More Time for Studies

Azevedo & Travassos Strategy Aims for Growth in Onshore Segment

Tradition and Innovation in Brazilian Engineering

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

China has begun the second phase of energy assistance to Cuba with a 120 MW solar generation plan, and the first result is a photovoltaic park with batteries that regulates voltage, controls frequency, and provides local autonomy to an island suffocated by chronic blackouts.

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Inside a frozen mountain in Norway, an armored bunker at -18°C known as the “doomsday vault” holds millions of the planet’s seeds to save human food in case of wars, disasters, and global collapses.

Flying at over 1,000 km/h and covered by angular facets that confused radars, the F-117 Nighthawk made history as the world’s first stealth attack aircraft and the black jet that ushered in the stealth era.