ANP's Board of Directors decided on 12/17 that Petrobras should conclude negotiations by 6/30/2021 and submit to the Agency the terms of assignment of rights to onshore and shallow water field contracts, part of its divestment process . The decision refers to the 54 fields that make up the Recôncavo, Miranga, Remanso, Garoupa, Peroá-Cangoá, Merluza and Ceará Mar hubs.

The Board also approved the inclusion of the 15 fields of the hubs that were not successful in the process of divestment of Petrobras in the new Hubs of Carmópolis, Potiguar and Urucu, setting the deadline for the protocol of the terms of assignment of these fields until 12/31/2021 . Petrobras must present quarterly reports with the result of each gate of its divestment process, and the ANP may initiate the contractual extinction process for fields without production if it concludes that there was no progress in the process.

So far, of the 183 fields of land and shallow water placed in the original divestment process, 100 (55%) fields have been completed, 54 (29%) fields are in an advanced stage of negotiation with statements from companies, 15 (8 %) were unsuccessful and were included in new hubs of the Petrobras divestment project, distributed among the Carmópolis, Potiguar and Urucu hubs, and 14 (8%) are in the process of being returned (analysis for decommissioning or inclusion in the Permanent Offer) .

The measure adopted by the ANP took into account that there are negotiation processes between companies that are already in an advanced stage, which may stimulate the execution of contractual assignments and the possibility of greater speed in the sale of assets, aiming to attract new investments, increase the participation of small and medium-sized companies, increase the recovery factor of these areas and, consequently, the useful life of these fields.

In addition, control points were included in order to reinforce the role of the ANP in the systematic monitoring of concession contracts. The objective is to ensure that the fields in question do not fail to fulfill all the commitments and firm investments already established by the Agency, thus guaranteeing the correct development of these assets.