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Round Zero

Law 9,478/1997 (Petroleum Act) put an end to the monopoly that Petrobras had over the activities of exploration and production of oil in Brazil. It was determined that other companies could carry out these and other activities provided for in the Law. In addition, the participation of Petrobras in the fields where it was already producing was defined. This set of negotiations became known as Round Zero.


Round Zero ratified the rights of Petrobras in the form of concession contracts on the fields that were under effective production on the date the Law entered into force. In the case of the blocks in which the State-owned company performed commercial discoveries or invested in exploration, it had its rights guaranteed for three years to continue the exploration and development work. In the successful cases, it could continue with the production activities.


The model of the concession contract and the model of the addendum to contract (in Portuguese):

 

Modelo de Contrato de Concessão - Rodada Zero

Modelo de Contrato de Concessão - Rodada Zero

Modelo de Termo Aditivo - Rodada Zero
Modelo de Termo Aditivo - Rodada Zero
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