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Source: Agência Brasil
Date: 09/02/2010 11:29
A barrel of oil that will be used for the capitalization of Petrobras will cost on average US$ 8.51. The value was reported yesterday (1) by the minister Guido Mantega. The value of the onerous assignment of five billion barrels will be US$ 42.533 billion.
The price per barrel is important to set the value of the capitalization of Petrobras, expected to occur on September 30. The capitalization will be made through the onerous assignment, in which the government can give the state up to 5 billion barrels of oil in areas not yet awarded.
At the end of last year, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) has contracted to Petrobras drilling that will allow the collection of information on the pre-salt reservoirs. Thereafter, the state agency and defined the areas to be passed through the onerous assignment.
Based on the amount to be loaned by the Union to Petrobras, a company specialized independent and set the value for these reserves. Only with the amount disclosed, the state may make a private offering of shares on the stock market to raise resources.
Members of the National Energy Policy (CNPE) met for two hours in the afternoon (1) in the Ministry of Mines and Energy to define the details of the operation. The board consists of members from the ministries of Mines and Energy, Planning, Finance, Environment, Agriculture, National Integration, Development, Science and Technology, and Civil House, representatives of states and universities. Thereafter, members of the Board of Directors of Petrobras gathered at the Ministry of Finance.
To calculate how much each barrel of oil, the government took into account the independent evaluations contracted by Petrobras and ANP. A higher value for a barrel represents losses for Petrobras and gains for the Union
According Mantega, seven fields reservation will be delivered to Petrobras for exploration: Tupi Sul, Florin, Peroba, Tupi Northeast, Guara, Iara and Franco. The field of Peroba, however, will only be triggered if extracting the remaining reserves do not reach the volume of five billion barrels.
The value of US$ 8.51 per barrel refers to the average of the oil fields. The field of Franco, which should provide about 3.1 billion barrels, has the highest value: US$ 9.04. The lower value is the oil extracted from the Iara field: US$ 5.82.