Brazil’s oil production in mature fields to be discussed at seminar

The Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) presented the draft of a resolution that regulates incentives granted to mature field refurbishment projects, from the reduction of the royalty rate on the incremental production of these fields. To debate the issue, FGV Energy will host the seminar titled “Royalty Rate in Mature Fields” on May 28, at the auditorium of FGV’s main office (Praia de Botafogo, 190 - 12th floor. Botafogo, Rio de Janeiro/RJ).

The purpose of ANP’s proposal is to promote activities in mature fields, leveraging short-term investments by lowering the rate to up to 5%. The event will be attended by members of the ANP, experts from the Ministry of Mines and Energy (MME), Pré-Sal Petróleo SA (PPSA), and the Brazilian Association of Petroleum Service Companies (ABESPetro), among other stakeholders.

The need for this discussion has been gaining relevance in the current scenario, especially regarding stimulus to extend the economic life of fields, avoiding premature abandonment and oil waste, and promoting full use of resources. The measure will pave new paths to leverage the regional economy and the growth of smaller companies, in addition to generating jobs and enabling investments that would not be possible otherwise.

Go to the website for more information and to register.