Optimizing Exploration and Development Opportunities
Many measures have already been taken to encourage
E&P activities
2017
2019
2018
2016
No longer mandatory
for Petrobras to be
the sole operator in
the pre-salt (Law
13,365/2016)
A bidding rour
(CNPE Resolutio
New Local Con
(CNPE Resoluti
New E&P
(CNPE Resolut
E&P history in Brazil
Froma maneply towarck an open maskel
1953
1997
e
Petrobras monopoly
Petroleum Law
anp
2010
Production Sharing Law
Transfer of Rights Surplus Law
Petrobras: 93% of production in Brazil
Sharp reduction in onshore and
post-salt offshore activities.
Petrobras focus on the pre-salt
2021
Petrobras: 73% of
Brazilian
production
/2018)
A new type of auction:
Open Acreage
Unlocking the Transfer of
2008
e
Auction break
1 oil in pre-salt
1999-2008
10 Concession
Rounds-new
E&P companies
in Brazil
Exploratory Phase Extension for
11th and 12th Rounds
(ANP Resolution n° 708/2017)
REPETRO Extension
(Law 13,586/2017)
2013
•
Rounds returni
Start of sharp drop in
exploratory well drilling
end in the number of
new discoveries
2015
Oil price collapse
and investment
reduction
2019
Repositioning of
Petrobras - first
sales of the
divestment plan
2016
Start of measures to
resume activities at E&P
2017
New E&P Policies
Rounds acceleration
ntent
the
ion
/2018)
RBL and M&A made easier
(ANP Resolution n° 785/2019)
Mandatory investment or
M&A in onshore and shallow
water fields; deadline for
Petrobras divestment
(RD n° 568/2018)
Rights Auction
2020
Regulation of
decommissioning
(ANP Resolution n°
817/2020)
ANP Resolutions:
Flexibility as a result of the
pandemic
12
Bidding
Rounds
(from 2017 to
2020)View entire presentation