Skip Ribbon Commands
Skip to main content
Sign In
Navigate Up

Demarest Petróleo e Gás - Informativo

Por :

3/31/2015 9:00 PM Demarest News

The Resolution ANP No. 17/2015 approved the Technical Regulation of the Development Plan of Fields with Large Production (above 5 thousand boe/day), the Technical Regulation of Revision of the Development Plan of Fields with Large Production and the Technical Regulation of the Development Plan of Fields with Low Production (until 5 thousand boe/day).
It is defined the format and the content that these development plans shall contain. It also establishes that: (i) in the need of better appraisal of the project and of the technologies to be used in the development of the field, it is possible the presentation of a pilot project, which shall be reviewed within 180 days; (ii) the production and the development of the field can only be started, without the approval of the development plan, with the express authorization of ANP; and (iii) the development plans shall provide for the use of natural gas. The same resolution establishes the rules for the construction of natural gas and oil pipelines in the areas under concession, listing the documents to be submitted and that the beginning of the construction and the operation of the pipelines depend on the approval of ANP.
Click here to access the full resolution in Portuguese.
The Resolution ANP No. 18/2015 approved the regulation about the bid round procedures to be adopted for the concession of activities of exploitation and production of oil and natural gas.
Some of the relevant changes are: (i) the change of the bidding process so that the qualification happens after the presentation of proposals and only for the winners; (ii) the creation of records per companies for registration and qualification purposes for bid rounds and assignments of rights and obligations, enabling the companies to request the use of documents included in the administrative processes of such records for registration and qualification; and (iii) the creation of simplified process for technical qualification to bidders that already have concession contracts in force of the same category.
Click here to access the full resolution in Portuguese.
ANP has initiated the procedures for changing the rules of the investments in research and development of the fields with large oil production. Through the public hearing No. 2/2015, several suggestions were received to assist ANP in these changes, which will involve mainly: (i) the public or private nature of the investments and the level of interference in its management; (ii) the compensation of expenses; and (iii) restriction of the company size for the destination of the investments. The new regulation that shall be published in the next months will aim to stimulate the increase of the investment in local technology, to increase the participation of the government in the definition of the structures for the investment in research and development and to define new rules to the expenses admitted and procedures of supervision.
Through issuance of material fact to the market, Petrobras announced an increase to its divestment plan for the years of 2015 and 2016. The company intends to sell assets of the total value of 13,7 billion dollars in the following areas,: (i) assets in Exploitation and Production of oil in Brazil and outside the country (30%), Supply (30%) and Gas and Energy (40%). According to the news of the local media, there is already a definition of certain assets and banks are being hired to intermediate the sale.
Demarest Advogados
Oil & Gas
João Almeida​ ​+55 21 3723-9804
Priscila Sun Min Park​ +55 21 3723-9878

Related Publications

Sign up to receive newsletter

Skip Navigation Linksdemarest-petroleo-e-gas-informativo