On December 17, 2018, at a ceremony held at the Planalto Palace in the city of Brasília-DF, MME and ANP signed the agreements under the production sharing regime of the auctioned areas in the 4th and 5th Production Sharing Bidding Rounds.
Present at the ceremony were the President Michel Temer, the Minister of Mines and Energy, Wellington Moreira Franco, the Director General of the ANP, Décio Oddone, the President of PPSA, Ibsen Flores and representatives of the 10 signatory companies. Also present at the ceremony were the ANP Directors, other Ministers of State, parliamentarians, guests and representatives of the press.
Four agreements were signed in the following areas: Uirapuru area, an agreementt signed with the consortium Petróleo Brasileiro SA - Petrobras (30%), Equinor Brasil Energia Ltda (28%), ExxonMobil Exploração Brasil Ltda. (28%) and Petrogal Brasil SA (14%). Dois irmãos area had the agreement signed by the consortium formed by Petrobras (45%), BP Energy do Brasil Ltda (30%) and Equinor Brasil Energia Ltda (25%), and Três Marias, for least,signed an agreement with Petróleo Brasileiro S.A. (30%), Shell Brasil Petróleo Ltda (40%) and Chevron Brasil Oil and Gas Ltda (30%).
ANP announces a change in the indicative schedule of the 4th Production Sharing Bid Round, extending the date of signature of the agreements until December 19, 2018, remaining unchanged the other deadlines and dates, according to the decision published in the Official Gazette of the Union dated of October 30, 2018.
ANP has approved the judgment report of the 4th Production Sharing Bidding Round prepared by the Special Bidding Commission (CEL) and awarded the bidding object to the successful bidders, according to the decision published in the Official Gazette.
To sign the agreements, the bidders or affiliates indicated by them must present documents and guarantees, as well as have proven the payment of the signature bonus, within the deadlines defined in Table 1 of the public bidding notice, as follows:
|Deadline for delivery of the following documents: (1) signature of the production sharing contracts; (2) additional offer guarantee provided in section 8.4, letter (x), if applicable and (3) qualification of the affiliate indicated to sign the contract, if applicable.||Until 09/28/2018|
|Deadline for payment of the signature bonus and sending of the receipt.||Until 09/28/2018|
|Signature of the Production-Sharing Agreements||Until 12/19/2018*|
* The date has changed according to the decision of the Collegiate Board, published in the Official Gazette of the Union dated of 10/30/2018.
The documents required for the signature of the production-sharing agreements are listed in table 18 of the Tender Protocol and must be presented in a single route, regardless of the number of blocks sold, except for the documents described in sections 10.1.2, 10.1.3, 10.1.4 and 10.1.5 (where applicable) which must be submitted for each contract to be signed.
Pursuant to section 10.2 of the Tender Protocol, the winning bidder may delegate the signature of the production-sharing agreement to an affiliate having its headquarters and administration in Brazil. The affiliate receiving the delegation shall submit documents for the signature of the production sharing agreement, provided for in sections 10.1.2, 10.1.3, 10.1.6 and, if applicable, 10.1.4 and 10.1.5, and obtain economic- financial and legal requirements at the minimum level required to sign the agreement, in addition to proving its tax and labor regularity.
Payment of the signature bonus must be made through the Union Collection Guide (GRU), according to instructions available at this link.
For the presentation of the guarantees of the Minimum Exploration Program, consortium contracts and performance guarantees, it is essential to correctly identify the number of the production sharing agreement, according to the worksheet available at this link.
The date of the signature of the production sharing agreement will still be confirmed, with forecast of the ceremony for 11/30/2018.
As a result, we suggest that the issuances of the financial guarantees for compliance with the Minimum Exploration Program in the Guarantee and Letter of Credit modalities consider the following effective dates for the bidders who will sign the production sharing agreements on 11/30/2018:
Start date: 12/11/2018
End date: 05/29/2026 [7 years of the exploration phase + 180 days, after the maximum date foreseen for the signature of the production sharing contract - 11/30/2018]