Nome da Apresentação
NBome
Claudia RabelloLicensing Rounds Promotion Superintendent - ANP
Brazilian Bidding Rounds
Brazilian Federal Constitution, article 177:• O&G Exploration and Production activities are monopoly of the
Union;• Union may allow granting of E&P activities.
Law no. 9.478/97:• CNPE and ANP were created.
ANP’s duties: regulating, contracting and inspecting:
Tender Protocols and Contracts; Bidding Rounds; andExecution of contracts.
Legal framework
Timeline Previous bidding rounds
1997
Law no. 9478Petroleum Law
CNPE / ANP
1999
Round 1
2001
Round 3
2002
Round 4
2003
Round 5
2007
Round 9
Round 2
20001998
Round Zero
2008
Round 10Offshore
1995
Constitutional Amendment
no. 9
2010
Law no. 12276Onerous Assignment
Petrobras
Law no. 12351PSC and Social Fund
Law no. 12304PPSA
2009
Law no. 11909Gas Act
2004
Round 6
2013
Round 11
Law no. 12734Royalties
Distribution
20122005
Round 7
2006
Round 8Canceled
11th Bidding RoundConcession Agreement
11th Bidding RoundScope
289Blocks
23 Sectors
11 Sedimentary
basins
@155,800 km²Area on offer
11th Bidding RoundResults
Qualified companies64
Brazilian17
Foreign47
Bidding companies39
Brazilian12
Foreign27
Winning companies30
Brazilian12
Foreign18
New operators6
11th Bidding RoundResults
Offered blocks289
Awarded blocks142
Onshore87
Offshore55
Offered area155,813 km²
Awarded area100,372 km²
Onshore64,998 km²
Offshore35,374 km²
11th Bidding RoundResults
Participation fee (R$)33.4 millions
Signature bonuses (R$)
2.8 billions
MWP (WU)398,934
MWP (R$)6.9 billions
Average LC(exploration)
62,25%
Average LC(development)
75,97%
11th Bidding RoundRecord numbers
R1 R2 R3 R4 R5 R6 R7 R9 R10 R11
3844 42
29
12
24
44
61
40
64
Qualified companies
R1 R2 R3 R4 R5 R6 R7 R9 R10 R11
321.7 468.3 594.9
92.4 27.4
665.2
1,085.8
2,109.4
89.4
2,821.5 Signature Bonuses (R$ million)
R5 R6 R7 R9 R10 R11
363.5
2,046.8 1,797.4 1,367.4
611.2
6,891.3 Minimum Exploratory Program (R$ million)
R1 R2 R3 R4 R5 R6 R7 R9 R10 R11
4248
44
33
14
27
45
66
43
68Companies that pay participation fee
11th Bidding RoundObjectives
• Expand Brazilian reserves and knowledge of sedimentary basins;
• Decentralize exploratory investment in Brazil;
• Increase the participation of small and medium-size companies;
• Retain domestic and foreign companies in Brazil, continuing demand for local goods and services, job creation and income distribution.
12th Bidding RoundConcession Agreement
12th Bidding RoundSchedule
Jul 09
Public Hearing
Oct 30 and 31
Bid days
Aug 08
Tender ProtocolConcession Agreement
Model
Jun 17
Preliminary Tender Protocol
Concession Agreement
Draft
Jan 2014
Signing of Concession
Agreements
Sep 24
End of qualification
period
Pending CNPE’s approval
São Francisco Basin
Parnaíba BasinAcre Basin
Paraná Basin
Recôncavo Basin
Sergipe-Alagoas Basin
12th Bidding RoundSedimentary basins
Parecis Basin
12th Bidding RoundInfrastructure
Source: ANP Statistical Yearbook, 2012Proposed
State Limit
Flows (operation)Flows (construction)TerminalsUPGNs
ConstructionOperation
Capitals
Legend
Source: ANP and PetrobrasLNG Terminals
Gas Pipelines
Gas Pipelines under construction
1999 3,705 km of gas pipelines
20129,489 km of gas pipelines
12th Bidding RoundGas pipelines
Source: ANP and PetrobrasProposed
Source: http://sigel.aneel.gov.br/
12th Bidding RoundTransmission lines
1st Pre-salt Bidding RoundProduction Sharing Agreement
The 1st Pre-salt Bidding Round
November2013
1st Pre-salt Bidding Round
“Libra”
2-ANP-2A-RJS
27 API oilVOIP
@18 billion barrels
Others
Libra Prospect– Fast track – Salt base – mapping in time
2-ANP-2A-RJS
1st Pre-salt Bidding RoundForcasted areas
• Petrobras - mandatory operator with at least 30% participation;
• Bidding Rounds criteria of offers: the greater split oil;
• Signature Bonus, Minimum Work Program and Local Content are defined in Tender Protocol;
• Union does not assume the risks or incurs expenses;
• Union may contract Petrobras directly;
• Term of the contract: 35 years
1st Pre-salt Bidding RoundLaw no. 12.351/10
ANP – Regulatory Agency:
• Promotes the Bidding Rounds;
• Follows the contracts execution;
• Inspect the activities.
PPSA – State Company:
• Represents the Union in the consortium;
• Audits and approves the costs oil;
• Chairs the Operational Committee;
1st Pre-salt Bidding RoundLaw no. 12.351/10
www.brasil-rounds.gov.br
Claudia Rabello
Licensing Rounds Promotion Superintendence
http://www.brasil-rounds.gov.br
http://www.anp.gov.br
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