Notícias

PPSA publishes Annual Management Report 2021

Pre-Sal Petróleo (PPSA) published, this Friday (20), the Annual Management Report 2021, with consolidated information on the main results of the company. During the period, PPSA managed 17 production sharing contracts, with different activities in all projects. In 2021, 62 million barrels of oil were produced under this regime, almost four times more than the previous year – a record for PPSA. Of these, the Union was entitled to 3.9 million barrels. The report also addresses the company's important contribution to the Second Round of Bidding for Surplus Volumes of the Transfer of Rights, when the Sépia and Atapu fields were sold.




The document also provides information on the role of PPSA as a representative of the Union in the agreements for the individualization of production in non-contracted areas and as manager of the commercialization of the Union's share of oil and gas, an activity that resulted in a collection of R$ 1.22 billion to the public coffers. The value is a record since its creation in 2013.




Access the Annual Report of the Pre-Salt Oil Administration 2021: https://www.presalpetroleo.gov.br/ppsa/acesso-a-informacao/relatorios-da-administracao/

 

Petrobras begins operation of the first definitive platform in the Mero field, in the pre-salt of the Santos Basin

On April 30, Petrobras started producing oil and natural gas through the FPSO Guanabara, the first definitive production system installed in the Mero field, in the pre-salt layer of the Santos Basin. The platform, of the FPSO type (floating oil and gas production, storage and transfer unit), has the capacity to process up to 180 thousand barrels of oil and 12 million m3 of gas, which represents 6% of the production operated by Petrobras, contributing to the expected growth of the company's production. Mero is the third largest pre-salt oil field (behind Búzios and Tupi).

The platform arrived at the Mero field at the end of January 2022. During this period, it was connected to subsea wells and equipment, and underwent final tests before starting production. In the first wave, 6 producing wells and 7 injectors will be connected to the FPSO. The platform is expected to reach peak production by the end of 2022.

“The FPSO Guanabara is the most complex oil production unit operating in Brazil. The implementation of a project with this technology is the result of more than a decade of learning in the pre-salt layer and of the integrated action between Petrobras, partners and suppliers. The project was designed to combine production capacity, efficiency and reduction of greenhouse gas emissions”, highlights João Henrique Rittershaussen, director of Production Development at Petrobras.

The platform weight is 102,443 tons (equivalent to 258 Boeing 747s); height of 172 meters, equivalent to 4.6 statues of Christ the Redeemer and length of 332 meters, or three football fields. In addition, it has a power generation capacity of 100 megawatts, enough to supply a city of 330,000 inhabitants.
Built and operated by Modec, the unit is located more than 150 km off the coast of the state of Rio de Janeiro in a water depth that reaches 1,930 meters. In all, three more definitive platforms are scheduled to come into operation in the Mero field within the horizon of Petrobras' Strategic Plan 2022-2026.

The FPSO Guanabara has gas reinjection systems, where the production of gas with a content of 45% of carbon dioxide (CO2), after its own consumption in the FPSO, will be all reinjected into the deposit in order to maintain pressure and improve recovery. of oil, in addition to reducing the release of CO2 into the atmosphere. The gas reinjection will be done alternately with the water injection (Water Alternating Gas - WAG).

Additionally, the Mero field is developing an unprecedented technology for the separation of CO2-rich oil from oil on the seabed, for its reinjection from the seabed, reducing the amount of gas that reaches the FPSO, thus increasing the availability of oil FPSO and project efficiency.

The Mero 1 project is part of one of the most robust geological CO2 Capture, Use and Storage programs in the world - called CCUS. These initiatives are in line with Petrobras' commitment to reduce carbon intensity by 32% in the Exploration and Production area by 2025.

The Mero unitized field is operated by Petrobras (38.6%), in partnership with Shell Brasil (19.3%), TotalEnergies (19.3%), CNPC (9.65%), CNOOC Petroleum Brasil Ltda ( 9.65%) and Pré-Sal Petróleo S.A -PPSA (3.5%), as Union representative in the non-contracted area.

MME holds a ceremony to sign contracts for the transfer of rights in the Sépia and Atapu fields, in the Pre-Salt

Auction yielded a total signature bonus of R$ 11.1 billion, of which R$ 7.7 billion was destined for states and municipalities. Total planned investments are around R$ 204 billion.

The Ministry of Mines and Energy (MME) held, this Wednesday (27/04), in Brasília (DF), the signing ceremony of the production sharing contracts for the surplus from the transfer of rights in the Sépia and Atapu fields, located in the Santos Basin, in the Pre-Salt.

The Minister of Mines and Energy, Bento Albuquerque, highlighted that “the auction was structured with an emphasis on predictability and competitiveness, principal, best practices of transparency, traceability and legal certainty, in light of the current scenario of the world oil industry”.

The Atapu block was acquired by the consortium formed by Petrobras (operator), with 52.5%; Shell Brasil, with 25%; and TotalEnergies EP, with 22.5%. The value of the signature bonus was R$ 4 billion and the percentage of surplus oil offered to the Union was 31.68%.

The Sépia block was contracted by the consortium formed by Petrobras (operator), with 30%; TotalEnergies EP, with 28%; Petronas, with 21%; and QP Brasil, with 21%. The collection in signature bonuses was R$ 7.1 billion and the percentage of surplus in oil for the Union, 37.43%.

“This is a very special day for the Ministry of Mines and Energy, as it is the result of the hard work and perseverance of the various institutions that are present here. The Federal Government will continue to formulate policies that bring security and attractiveness to the business environment in the national energy sector. We remain firm in the purpose of transforming, in a sustainable way, our natural resources into wealth, in favor of the development of Brazil and the well-being of our society”, added Bento Albuquerque.
The auction was successfully held in December 2021 and the two fields won ensured:




- Total signature bonus of R$ 11.1 billion, of which R$ 7.7 billion is destined for states and municipalities;




- The surplus in Atapu oil reached a premium of 437% and that of Sépia reached 149%;




- Total planned investments are around R$ 204 billion; and




- The expected collection of government participation is around R$ 302 billion, over the 35 years of the contracts.




The director general of the National Agency for Petroleum, Natural Gas and Biofuels (ANP), Rodolfo Saboia, recalled that the development of the pre-salt layer is fundamental for Brazil, meaning energy security for the country. “The contracted areas are exceptional. Together, Atapu and Sépia already produce more than 220,000 barrels of oil equivalent per day,” he said.

The CEO of Pré-Sal Petróleo (PPSA), Eduardo Gerk, participated in the ceremony and in the signing of the contracts. With Sépia and Atapu, PPSA manages 29 contracts.

Understand PPSA's participation in the Sépia and Atapu auction:




November 2019

ANP offers Sepia and Atapu fields at auction, but areas have not been auctioned. Among the reasons were the uncertainties at the time regarding the amount of compensation and the percentage of participations.




December 2019

Ministry of Mines and Energy (MME) designates two actions on the subject to be carried out by PPSA: the definition of the reciprocal participation in the transfer of rights and the future production sharing agreement and the evaluation and negotiation with Petrobras for the calculation of the compensation amount before the announcement of a new auction.




February 2020

PPSA begins technical assessment work on the Sépia and Atapu deposits.

 

September 2020

PPSA forwards to the ANP, together with Petrobras, its technical report, with the definition of the reciprocal participations of the transfer of rights agreement and the future production sharing agreement.




February 2021

ANP approves the participations, defined by PPSA and Petrobras, establishing a percentage of 60.5% and 68.7% for the participation in production sharing of Atapu and Sépia, respectively.




April 2021

MME Ordinance determines that Petrobras and PPSA must sign an agreement, to be submitted to the MME for deliberation,

on the definition of parameters and amount of compensation to be paid to Petrobras.




December 2021

Agreement is entered into between PPSA and Petrobras, based on guidelines issued by a Proposition Committee, submitting, for approval by the MME, the parameters agreed with the calculated value of the compensation to be paid to the assignee for future contracts under the production sharing regime , in the amount of US$ 6.45 billion for the two fields.




December 2021

The Second Round of Surplus Volumes of the Assignment of Rights is carried out. The Sépia and Atapu blocks were sold with oil surplus percentages for the Union of 37.43% and 31.68%, respectively, corresponding to premiums of 149.20% and 437.86%.




April 2022

The production sharing contracts for the surplus volumes from the transfer of rights in the Sépia and Atapu fields are signed. Production of the co-participation fields will begin. PPSA starts to manage the contracts.




The ceremony also had the participation of the Minister of Science, Technology and Innovation, Paulo Alvim, the federal deputy, Júlio Lopes and the president of Petrobras, José Mauro Ferreira.

 

MME realiza cerimônia de assinatura dos contratos da cessão onerosa dos campos de Sépia e Atapu, no Pré-Sal – Foto: Bruno Spada.

In February, União was entitled to 17,000 barrels of oil per day, says PPSA

In February this year, the Union was entitled to 17,000 barrels of oil per day (bpd) in production, sharing contracts (CPPs) in the Pre-Salt Polygon. The brand is the same as in January, which, at the time, was the largest ever recorded in the historical series, which has existed since 2017. The information is contained in the Monthly Bulletin of Production Sharing Contracts, released this Tuesday (19) by Pre-Salt Oil (PPSA).


Of the 17,000 barrels a day that make up the Union's oil profit in February, 7,400 bpd came from the Libra CPP, in the Mero Development Area; 5.7 thousand bpd from the Búzios CPP; and 4.1 thousand bpd from the CPP in the surroundings of Sapinhoá. At the Tartaruga Verde Sudoeste CPP, the Union's surplus oil continues to be used to settle the "Accounts Settlement" with the operator, through the redetermination of the Production Individualization Agreement (AIP).


The average total production under the sharing regime in February was 466 thousand bpd. Búzios had the highest production, with 406 thousand bpd, followed by the Mero Development Area, with 48 thousand bpd. Surroundings of Sapinhoá and Tartaruga Verde Sudoeste completed the daily production, with 7 thousand and 5 thousand bpd, respectively.


Since the beginning of the historical series, the accumulated share of oil for the Union is 13 million barrels. The total production, in the same period, adds up to 138 million barrels of oil.
 
 
Natural gas


In addition to oil, the Union also had a surplus of natural gas. On average, 113 thousand m³/day were produced, with 103 thousand m³/day referring to the Sapinhoá surroundings and 10 thousand m³/day to Búzios. In Tartaruga Verde Sudoeste, the Union's surplus gas continues to be used to settle the "Accounts Settlement" with the operator, through the redetermination of the AIP. Mero, so far, has no forecast of commercialization of natural gas.


The total average daily production of the three contracts, in February, with commercial use, was 945 thousand m³/day, with 739 thousand m³/day coming from Búzios; 172 m³/day around Sapinhoá; and 34 thousand m³/day of Tartaruga Verde Sudoeste. Compared to January of this year, the volume of available gas increased by 12% due to the normalization of operations in Búzios, after the unavailability of the Dehydration Unit on the P-74.


Since 2017, the beginning of the historical series, the Union's natural gas surplus is 109 million cubic meters. The accumulated production, in the same period, totals 441 million cubic meters of natural gas with commercial use.


The Production Sharing Agreement Monthly Bulletin is now available and can be viewed here: