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Institute of the Americas
10111 N. Torrey Pines Rd., La Jolla, CA, 92037
Seeking to regain investor interest in Brazil’s upstream, last October the Brazilian Congress overhauled regulations for the country’s oil and gas industry, reversing changes that had been put in place during the Lula government. The new law pertains to the country’s deep sea Pre-Salt fields and lifts restrictions on companies other than Petrobras as operator, as well as the minimum 30 percent stake in all projects previously ascribed to the state firm. More recently, extension of the REPETRO tax regime to 2040 was seen as another critical step in advance of the upcoming bid rounds.
As part of the efforts to boost investment and activity in the oil and gas sector, the National Petroleum Agency (ANP) has set out an aggressive bid round calendar for 2017-2019, with nine auctions in just over two years. The auctions include a wide range of resource opportunities and contract modalities, with the country resuming its bidding on September 27 and the 14th Bid Round. On October 27, two production sharing auctions for the Pre-Salt will be conducted.
Join us for a webinar presentation featuring Decio Oddone, Director General of Brazil’s National Petroleum Agency (ANP). Oddone will present an update on the auction calendar for the 2017-2019 period, insights on the bidding terms, timing, blocks on offer as well as pertinent regulatory and investment framework elements.
The webinar will be held Thursday, September 21 at 1:00pm San Diego (5:00 pm Rio de Janeiro; GMT/UTC – 8 hours). Oddone’s formal presentation will be followed by a live Q&A session with the audience.
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