NEWS

December 19, 2017

Catavento analyses recent Brazilian oil auctions results

Clarissa Lins analyses recent Brazilian oil auctions key aspects

After contributing with relevant information and analysis to Miriam Leitão’s column on October 30rd  (link), Clarissa Lins analyzed the results of Pre-Salt Bid Rounds 2 and 3 in an article published in O Globo website on October 31st . Clarissa emphasizes the importance of differentiating bonus payments and profit oil as success factors for the evaluation of the auctions under the production sharing regime.

Previously, the founding partner of Catavento had already analyzed, in an article published in E&P Brasil newsletter on October 2nd , the results of the 14th Bid Round, which confirms the oil and gas sector attractiveness with increased market opening to the private sector. The article highlights the urgency of exploring Brazilian oil reserves in a context of an energy transition.

How to measure the success of Rounds 2 and 3 of the Brazilian pre-salt           

“Some newspaper headlines, including international ones, made the mistake of saying that the result of the auction held on Friday, October 27, 2017, had not been a success since two of the eight areas offered were not bid on. I provide a few comments that can help readers have the correct understanding of the theme.”

To download the complete article, click here.

Catavento evaluates auction results in light of energy transition

“The 14th round, held on September 26, confirmed the oil and gas sector attractiveness with increased market opening to the private sector. After more than five years without auctions, the Brazilian Petroleum Agency – ANP has proven that Brazilian geological assets, when combined with clear rules, attract the large global operators of the oil industry”

To download the complete article, click here.