Releases

Union is entitled, in May, to 26,000 barrels of oil per day

This month marks the beginning of the production sharing contracts for Sépia and Atapu and the start-up of the FPSO Guanabara, in Mero

In May, the Union was entitled to 26,000 barrels of oil per day (bpd) related to production sharing contracts in the Pre-Salt Polygon. The month marks the start of contracts for the Sépia and Atapu fields, which contributed 2,000 and 1,400 bpd, respectively. The total volume of the so-called União Profit Oil also has 10.6 thousand bpd referring to Libra; 5.9 thousand to Búzios, 5.6 thousand to Entorno de Sapinhoá; and 0.4 thousand to Tartaruga Verde Sudoeste. The information was released by Pré-Sal Petróleo (PPSA), this Thursday (14), in its Monthly Bulletin of Production Sharing Contracts.

Also according to the state-owned company, the Daily Production of Oil, added to the shares of consortia and the Union, had a daily average of 672,000 bpd. Of these, 419 thousand bpd are from Búzios, 97 thousand bpd from Sepia, 76 thousand bpd from Atapu, 69 thousand bpd from Libra, 7 thousand bpd from Sapinhoá surroundings and 4 thousand bpd from Tartaruga Verde Sudoeste. Production increased 38% compared to April, due to the entry into operation of the FPSO Guanabara and the start-up, under a production sharing regime, of Sépia and Atapu.

Since the beginning of the historical series of the production sharing regime, in 2017, the accumulated production of oil is 188 million barrels. Of the total, the Union was entitled to 15 million barrels of oil in the period.

Gás natural

Ainda no mês de maio, a média diária do total de gás natural da União disponível para comercialização foi de 149 mil m³/dia, sendo 144 mil m³/dia provenientes do Entorno de Sapinhoá, 3 mil m³/dia de Búzios e 3 mil m³/dia de Tartaruga Verde Sudoeste.

A produção total do gás natural com aproveitamento comercial apresentou média diária de 414 mil m³/dia nos três contratos, sendo 197 mil m³/dia de Búzios; 187 mil m³/dia do Entorno de Sapinhoá e 30 mil m³/dia de Tartaruga Verde Sudoeste.

Desde 2017, a produção acumulada soma 532 milhões de m³ de gás natural com aproveitamento comercial. No período, o excedente em gás natural da União é de 124 milhões de m³.

Acesse o Boletim Mensal dos Contratos de Partilha de Produção aqui.


            

        
        
  	
 
    


				
					



	    
    		

            
                			
        

   	    
    

    
		

    		
In April, production sharing regime reaches close to 500,000 barrels per day

			                

                    
                

					


		            

                
Búzios leverages production, with 429 thousand barrels per day; União, in the period, was entitled to 18,800 barrels per day of production

Oil production from contracts under the sharing regime is close to reaching the mark of 500,000 barrels a day. In April, the average total production of the four contracts was 486,000 barrels of oil per day (bpd), an increase of 3% compared to the previous month. The data appears in the Monthly Bulletin of Production Sharing Contracts, released this Monday (13), by Pré-Sal Petróleo (PPSA).

Búzios, in the Santos Basin, was the field that produced the most in the period, with 429 thousand bpd. The total is also made up of the production of 44 thousand bpd from Campo de Mero, 8 thousand bpd from Entorno de Sapinhoá and 4 thousand bpd from Tartaruga Verde Sudoeste.

The Union, in the same period, was entitled to a share of 18,800 bpd of total daily production – the so-called Union Oil Surplus. Of these, 6.9 thousand bpd came from Mero, 6.1 thousand bpd from Búzios, 5.4 thousand bpd from the surroundings of Sapinhoá and 400 bpd from Tartaruga Verde Sudoeste.

Since 2017, the beginning of the historical series of the sharing regime, the accumulated production is 167 million barrels of oil. Until April of this year, the Union's accumulated share of oil was 14 million barrels of oil.

Natural gas

Also in April of this year, the total production of natural gas with commercial use averaged 1.39 million cubic meters per day (m³/day) in three contracts. Búzios contributed with 1.16 million m³/day, while Entorno de Sapinhoá and Tartaruga Verde Sudoeste produced, respectively, 202 thousand and 31 thousand m³/day. Compared to March, the volume of available gas increased by 19%.

With regard to the Natural Gas Surplus, the Union was entitled, in the month, to 164 thousand m³/day, with 145 thousand m³/day coming from the surroundings of Sapinhoá; 16 thousand m³/day from Búzios; and 3 thousand m³/day of Tartaruga Verde Sudoeste. Since 2017, the accumulated production of natural gas with commercial use, under a production sharing regime, totals 519 million m³, of which 119 million m³ are under Union law.

Access the Monthly Bulletin of Production Sharing Contracts:


 


Acesse o Boletim Mensal de Contratos de Partilha de Produção:

https://www.presalpetroleo.gov.br/eng/boletim-mensal-de-contratos-de-partilha-de-producao/

            

        
        
  	
 
    


				
					



	    
    		

            
                			
        

   	    
    

    
		

    		
PPSA publishes Integrated Report 2021

			                

                    
                

					


		            

                
Pre-Salt Petróleo (PPSA) released, this Tuesday (31), its Integrated Report 2021, which provides transparent and concise information about the business model and the company's performance in the period. The Report is part of the list of documents that make up the accountability of PPSA to the Federal Audit Court (TCU), as provided for in article 9 of TCU Normative Instruction No. 84/2020. The publication was prepared based on the Court's guidelines and the methodology of the International Integrated Reporting Council (IIRC), an international alliance of companies, regulators, investors, standardization bodies, accounting entities and academia, constituting a tool for dialogue with stakeholders and accountability to society.

The report presents an approach to PPSA activities on its three fronts: management of production sharing contracts, representation of the Union in production individualization agreements and management of the commercialization of Union oil and gas. The document focuses, however, on the company's strategic performance, emphasizing the structures and actions established by its managers to ensure the achievement of the established objectives, thus producing results for society. In 2021, the company raised BRL 1.22 billion for the Union.

In the publication, the reader also has information on the company's Strategic Planning, risk management methodology, improvement in corporate governance, integrity program, relationship with stakeholders, personnel and information technology, among other reports. The report also includes infographics with data on the production of fields in a production sharing regime, the companies that operate in each block, their respective percentages, contract signing dates, in addition to estimates of future revenue for the Union with the activities carried out. in this regime.

The Integrated Report 2021 is available, in full,  aqui

            

        
        
  	
 
    


				
					



	    
    		

            
                			
        

   	    
    

    
		

    		
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: