Petrobras Inks Itapu Coparticipation Deal

(Petrobras, 12.Jul.2021) — feudalism term papers after using viagra video best critical analysis essay writer for hire for masters apa format reference list website no author qualitative dissertation example kamagra 100mg prijs precio viagra farmacias andorra go to site essay plan in exam ap essay response examples how does cialis affect women cialis mg 50 5000 word essay sample can crestor cuase nausea click romulus my father belonging to place essay parents are the best teachers essay samples facsimile ricetta medica viagra generic icrp 60 effective dose of cialis 5 mg proscar canada essay for why i want to be an er nurse best expository essay ghostwriters service for college bryonia 9 ch dosaggio viagra cialis tadalafil 20mg side effects see url viagra now available online thesis of social media in marketing high school art assignments compra de pastillas viagra Petrobras signed with Pré-sal Petróleo S.A. (PPSA) the Itapu Coparticipation Agreement, which will regulate the coexistence of the Transfer of Rights Contract (ToR) and the Production Sharing Contract (PSC) for the Suplus of the Transfer of Rights for the Itapu field, in the Santos Basin pre-salt area.

The negotiations started right after the bidding process, held on 6 November 2019, in which Petrobras acquired 100% of the rights to explore and produce the surplus volume of the ToR from Itapu field. Petrobras and PPSA, together, defined the field’s Development Plan, production forecasts and recoverable volumes estimates, agreeing on the following Tract Participations (TPs):

The oil and gas price assumptions, discount rate and cost metrics were established in MME Directive n. 213/2019. Thus, the value of the total compensation due to the ToR (100% Petrobras) by the PSC is approximately $1.274bn, which will be fully recovered as Cost Oil by Petrobras, as the contracted party in the PSC.

The effectiveness of the Agreement is subject to approval by the National Petroleum, Natural Gas and Biofuels Agency (ANP).

The presented compensation estimate is based on an effective date of the Agreement as of 1 September 2021. In case the approval date by ANP leads to another effective date, the necessary adjustments will be made.