Onerous assignment surprises and keeps Petrobras leader

On Wednesday, 6, the auction of the surpluses of the onerous assignment was held in Rio de Janeiro (RJ). The pre-salt mega-auction was attended by representatives of the federal government, parliamentarians and entrepreneurs of the oil and gas industry. The Petrobras consortium has rounded up the Buzios and Itapu blocks for R$ 70 billion. Sepia and Atapu did not get offers from interested parties. All areas participating in the auction are located in the Santos Basin.

Surprisingly, the biggest auction in pre-salt history did not so much interest of foreign oil companies. The blocks buzios and Itapu were purchased by the Petrobras consortium. Sepia and Atapu didn't even get a bid. In addition to the Brazilian state, which holds 90% of the shares, the winning consortium is composed of CNODC Brazil (5%) and the CNOOC Petroleum (5%).

"Our strategy aims to have a stronger and healthier Petrobras, generating enormous value to shareholders," said Roberto Castello Branco, president of the company. In total, R$ 70 billion was raised from the sale of surpluses of the onerous assignment, which consolidated Petrobras as the only winner of the bid. The expectation of the federal government was R$ 106 billion.

Roberto Castello Branco, president of Petrobras, in a press conference after the auction of the onerous assignment

The auction of surpluses of the onerous assignment was carried out in the morning of Wednesday (6), in hotel in Barra da Tijuca, neighborhood of the West Zone rio de Janeiro. Before the start of the event, demonstrators crowded in in front of the site in protest against the sale of the pre-salt areas. Tankers who were inside the hotel were removed by the instant security guards before the start of the auction. "It is absurd that we do not have the right to peacefully on the street," said the director of the FNP (National Federation Of the Tankers), Celso Alves.

Oil tankers demonstrating at the hotel door in Rio de Janeiro (RJ)

During the opening ceremony of the mega-auction, the Director-General anp (National Agency for Petroleum, Natural Gas and Biofuels), Décio Oddone justified the need for bidding with what he classified as "transforming resources in riches." "The world is full of examples from countries that do not they knew how to turn their resources into riches. We couldn't anymore continue repeating the same mistakes of others and our own mistakes," he said.

Décio Oddone, Director General of ANP (National Agency for Oil, Natural Gas and Biofuels) participates in the mega-auction

The Minister of the Ministry of Mines and Energy (MME), Bento Albuquerque, spoke about the resulting from the bidding for the economy. "We can leverage energy policy, create opportunities for more investment and generate more jobs and income," he said. Still estimating, the country as one of the largest oil exporters on the planet. The minister also spoke about the importance of auctions in the sustainable sphere. "We must persevere in building a development scenario always in the name of the public interest and with rationality and indispensable zeal to social, economic and environmental sustainability," he said.

Bento Albuquerque, Minister of Mines and Energy, in a speech during opening ceremony of the auction of the onerous assignment

6th Production Sharing Round This

Thursday (7), at the same location, will be held the 6th Production Sharing Round, which will take to auction the blocks of Aram, Boommerangue, Cruzeiro do Sul, Southwest of Sagittarius and Norte de Brava. Petrobras expressed interest in the right of preference as an operator of 30% of the Aram, Southwest sagittarius and Northern Brava areas.


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