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Assignment Surplus Round Has Record R $ 70B in Revenue

Source: www.gulfoilandgas.com 11/6/2019, Location: South America

The Round of Assignment Surplus Bidding, held, by the ANP, won two of the four areas on offer - Buzios and Itapu -, generating a collection of R $ 69.96 billion in signing bonus - collection record, which represents a value higher than the sum of all bonuses offered to date in rounds in Brazil.

Present at the public offering session were Minister of Mines and Energy, Bento Albuquerque, Minister of Infrastructure, Tarcisio de Freitas, Special Secretary of Finance, Waldery Rodrigues Junior, Senator Flavio Bolsonaro, ANP Director General, Decio Oddone , the other directors of the Agency, Amorelli Junior, Aurelio Amaral, Felipe Kury and Jose Cesario Cecchi, among other authorities.

“Striking, symbolic and very successful day. It was a particular case, unique, a complex construction that was made with the participation of various organs, ”said Minister Bento Albuquerque.

According to the director general of the ANP, the auction was successful. “It was a success because it was the biggest ever and raised the biggest bonus ever recorded in such an auction. And, mainly, because it was able to unlock a set of investments that will allow the collection and benefits of this wealth to come to Brazilian society, ”he said.

In the rounds under the production sharing regime, the signature bonus is fixed and the companies that offer the highest percentage of oil profit to the Union (ie, the production share, after deducting the volumes corresponding to the costs). and the company's investments in the operation and royalties due).

Area: Buzios
Winning Company / Consortium: Petrobras (90%) *; CNODC Brazil (5%); CNOOC Petroleum (5%)

Area: Itapu
Winning Company / Consortium: Petrobras (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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