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Brazil’s First Permanent Bidding Round Awarded

Source: www.gulfoilandgas.com 9/10/2019, Location: South America

The ANP held the public session of the 1st Cycle of the Permanent Offer, which was attended by the Minister of Mines and Energy, Bento Albuquerque, ANP directors and other authorities.

Thirty-three blocks were sold in the Sergipe-Alagoas, Parnaiba, Potiguar and Recôncavo basins and 12 areas with marginal accumulations in the Potiguar, Sergipe-Alagoas, Reconcavo and Espirito Santo basins.

For exploratory blocks, the total bonus collected was R $ 15.32 million (average goodwill of 61.48%) and there is a forecast of R $ 309.8 million in investments. For areas with marginal accumulations, the total bonus was R $ 6.98 million (goodwill of 2,221.78%), with a forecast of R $ 10.5 million in investments.

The first auction of the Permanent Offer brought the consolidation of this new bidding model, which permanently offers a portfolio of blocks and areas with marginal accumulations for oil and natural gas exploration and production. Thus, companies, especially those not yet in Brazil, have the opportunity to study these areas without the time limitations that traditional rounds provide.

“A process that began with a small business expression of interest in an area with marginal accumulation in the Recôncavo ends with 45 blocks and contracted areas,” said ANP Director-General Décio Oddone.

“We currently have a stock of 301 exploration contracts in Brazil, and today there were 33 new exploration block contracts - more than 11% of what we have contracted. Of course we can not compare in size with the pre-salt, for example. But if we look at the number of areas, in the auctions we made from 2017 to now, there were 72 blocks; Only today we contracted 33 blocks and 12 areas with marginal accumulations. It is absolutely symbolic. It is the first auction in 20 years in which Petrobras is not present and was an extraordinary success. This is effectively the replacement of monopoly by an industry. New areas, new players and a dynamic industry, without dependence on Petrobras, ”he added.

The result will allow the revitalization of mature areas with marginal accumulations, and stimulate exploration in the land segment, generating employment and income in different regions of the country.

Exploratory Blocks

Sergipe-Alagoas Basin

Sector: SSEAL-AUP2
Block: SEAL-M-505
Signing Bonus (R $): 2,700,525.00
PEM (UT): 207
Winning Company / Consortium: ExxonMobil Brasil (50%) *; Murphy (20%); Enauta Energia SA (30%)

Sector: SSEAL-AUP2
Block: SEAL-M-575
Signing Bonus (R $): 3,110,595.00
PEM (UT): 200
Winning Company / Consortium: ExxonMobil Brasil (50%) *; Murphy (20%); Enauta Energia SA (30%)

Sector: SSEAL-AUP2
Block: SEAL-M-637
Signing Bonus (R $): 2,040,657.00
PEM (UT): 231
Winning Company / Consortium: ExxonMobil Brasil (50%) *; Murphy (20%); Enauta Energia SA (30%)

Parna?ba Basin
Sector: SPN-N
Block: PN-T-102A
Signing Bonus (R $): 530,274.58
PEM (UT): 1,121
Winning Company / Consortium: Eneva (100%)

Sector: SPN-N
Block: PN-T-47
Signing Bonus (R $): 675,592.56
PEM (UT): 1,897
Winning Company / Consortium: Eneva (100%)

Sector: SPN-N
Block: PN-T-48A
Signature Bonus (R $): 363,255.76
PEM (UT): 1,448
Winning Company / Consortium: Eneva (100%)

Sector: SPN-N
Block: PN-T-66
Signing Bonus (R $): 895,516.90
PEM (UT): 2,673
Winner Company / Consortium: Eneva (100%)

Sector: SPN-N
Block: PN-T-67A
Signing Bonus (R $): 363,793.02
PEM (UT): 336
Winning Company / Consortium: Eneva (100%)

Sector: SPN-N
Block: PN-T-68
Signing Bonus (R $): 674,656.84
PEM (UT): 1,336
Winning Company / Consortium: Eneva (100%)

Potiguar Basin

Sector: SPOT-T2
Block: POT-T-392
Signing Bonus (R $): 214,345.00
PEM (UT): 228
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T2
Block: POT-T-432
Signing Bonus (R $): 214,345.00
PEM (UT): 207
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T2
Block: POT-T-433
Signing Bonus (R $): 214,345.00
PEM (UT): 224
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T2
Block: POT-T-434
Signing Bonus (R $): 214,345.00
PEM (UT): 226
Winning Company / Consortium: Petro-Victory (100%)
Sector: SPOT-T2
Block: POT-T-476
Signing Bonus (R $): 214,345.00
PEM (UT): 297
Winning Company / Consortium: Petro-Victory (100%)
Sector: SPOT-T2
Block: POT-T-477
Signing Bonus (R $): 214,345.00
PEM (UT): 226
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T2
Block: POT-T-478
Signing Bonus (R $): 214,345.00
PEM (UT): 100
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T4
Block: POT-T-519
Signing Bonus (R $): 214,345.00
PEM (UT): 213
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T4
Block: POT-T-521
Signing Bonus (R $): 214,345.00
PEM (UT): 169
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T4
Block: POT-T-564
Signing Bonus (R $): 214,345.00
PEM (UT): 242
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T4
Block: POT-T-565
Signing Bonus (R $): 100,000
PEM (UT): 1,000
Winning Company / Consortium: Phoenix (100%)

Sector: SPOT-T4
Block: POT-T-566
Signing Bonus (R $): 214,345.00
PEM (UT): 180
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T4
Block: POT-T-606
Signing Bonus (R $): 214,345.00
PEM (UT): 240
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T4
Block: POT-T-610
Signing Bonus (R $): 70,000.00
PEM (UT): 219
Winning Company / Consortium: Phoenix (100%)

Sector: SPOT-T4
Block: POT-T-650
Signing Bonus (R $): 214,345.00
PEM (UT): 240
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T4
Block: POT-T-651
Signing Bonus (R $): 214,345.00
PEM (UT): 240
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T4
Block: POT-T-652
Signing Bonus (R $): 214,345.00
PEM (UT): 240
Winning Company / Consortium: Petro-Victory (100%)

Sector: SPOT-T4
Block: POT-T-740
Signing Bonus (R $): 75,115.00
PEM (UT): 102
Winning Company / Consortium: Imetame (100%)

Sector: SPOT-T4
Block: POT-T-834
Signing Bonus (R $): 250,034.00
PEM (UT): 234
Winning Company / Consortium: Geopark Brazil (100%)

Recôncavo Basin
Sector: SREC-T1
Block: REC-T-67
Signing Bonus (R $): 50,000
PEM (UT): 211
Winning Company / Consortium: Geopark Brazil (100%)

Sector: SREC-T1
Block: REC-T-77
Signing Bonus (R $): 50,000
PEM (UT): 211
Winning Company / Consortium: Geopark Brazil (100%)

Sector: SREC-T2
Block: REC-T-110
Signing Bonus (R $): 55,000.00
PEM (UT): 184
Winning Company / Consortium: Petroil (50%) *; Oil Group (50%)

Sector: SREC-T2
Block: REC-T-121
Signing Bonus (R $): 55,000.00
PEM (UT): 209
Winning Company / Consortium: Petroil (50%) *; Oil Group (50%)

Sector: SREC-T2
Block: REC-T-58
Signing Bonus (R $): 50,000
PEM (UT): 209
Winning Company / Consortium: Geopark Brazil (100%)

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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