Santos and Itapu Blocks are acquired in Transfer of Rights Surplus Bidding Round

Today (06/11), ANP held the public session of Transfer of Rights Surplus Bidding Round, which offered blocks under development in Atapu, Búzios, Itapu, and Sépia, located in the Santos Basin. These blocks were selected in high potential basins, in the pre-salt polygon, aiming to allocate the surplus of the transfer of rights regime.

As a result, the Buzios Block was awarded to the consortium formed by Petrobras (with 90% share), CNODS Brasil (with 5% share) and CNOOC Petroleum (with 5% share), with bid composed by 23,24% of profit oil for the Federal Government. Moreover, the Itapu Block was awarded to Petrobras (with 100% share), with bid composed by 18,15% profit oil for the Federal Government. The accumulated bonus corresponds to R$ 69.960.000.000,00. Atapu and Sépia Blocks haven’t received any bid.

According to ANP’s Schedule, the award of the object and homologation of the bidding process will occur until 11/18/2019 and the execution of production sharing agreement shall occur until 3/31/2020.