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Brazil's PSCs pre-salt oil fields round 4th with 16 companies on June 7


The list of qualified companies for the production-sharing contracts (PSC) included big oil companies such as Petrobras, ExxonMobil, BP, Shell, Chevron, Statoil and Total. - Play Bloomberg Video - Petrobras CEO Resigns After Brazil Strikes

By Elio Ohep

Petroleumworld 06 04 2018

The 4th PSC Round will take place on June 7 in Rio de Janeiro. A record number for rounds in this regime. In the event, will be offered the areas of Itaimbezinho, Três Marias, Dois Irmãos and Uirapuru, in the Campos and Santos basins. Council of Energy Policy (CNPE) establishes the mandatory participation of Petróleo Brasileiro SA (Petrobras) as operator in the production-sharing contracts.

The Bidding continues the schedule of rounds, which contribute to the resumption of the sector and attract investments to the Country, said the Brazilian regulatory agency ANP .

The list of qualified companies included Petrobras, ExxonMobil, BP, Shell, Chevron, Statoil and Total.

Also on the list are Qatar Petroleum International, Ecopetrol, Galp Energia, Repsol, Petronas, Dea, Queiroz Galvao E&P, China National Offshore Oil Corporation and China National Oil & Gas Exploration & Development Corporation.

Petrobras has already exercised its preferential rights for Uirapuru, Tres Marias and Dois Irmaos, but competition should be fierce for all four prospects on offer, given the high number of participants qualified to bid, reported Upstream.

The fourth offering includes the Uirapuru and Tres Marias areas in the Santos basin, and the Dois Irmaos and Itaimbezinho areas in the Campos basin.

Below is a summary of the areas offered:

The ANP received 16 registrations for the 4th Round of Production Sharing, a record number for rounds in this regime. The registered companies are among the largest in the oil and gas sector in the world. The Saturn area, originally planned for the bidding, was withdrawn, following the request of the Ministry of Mines and Energy.

Source: ANP

Brazil's fifth pre-salt rounds

The Brazilian National Council for Energy Policy (CNPE) announced in May more details about the fifth pre-salt round is set to take place on 28 September. The area was included in the 5th Round of Sharing, which will offer the areas of Saturn, Titan, Pau-Brasil and Southwest of Tartaruga Verde, located in the Campos and Santos basins, unitisable with the Petrobras-operated Tartaruga Verde field that is due to enter production soon in the Campos basin all within the Pre- salt and in a declared strategic area.

Brazil's CNPE has determined a fixed signature bonus of 3.125 billion reais* each for Saturno and Tita, 500 million reais for Pau Brasil and 70 million reais for South-west of Tartaruga Verde.

Brazil's CNPE also said that the minimum profit sharing for the federal government will be 24.82% for Pau Brasil, 10.01% for South-west of Tartaruga Verde, 9.56% for Saturno and 5.8% for Tita.

The percentages take into account crude market Brent prices of $50 pb (per barrel) and average production of 12,000 bpd (barrel per day) per well.

Petrobras will have until first half of June to exercise its preferential rights to become operator of any of the areas to be offered in the round with a minimum 30% stake. Local content is set to 18% for the exploration phase and a number between 25% and 40% for the production development phase.

The only exception is South-west of Tartaruga Verde, where local content has to copy the one from the Tartaruga Verde field.

*$1 = 3.48 reais

Source: ANP/Upstream/Reuters


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Story by Elio Ohep, 06 04 2018

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