Pre-Salt

Onerous assignment: pre-salt could be exploited by private oil companies

T&B Petroleum/Agência Senado
12/11/2018 14:28
Onerous assignment: pre-salt could be exploited by private oil companies Imagem: Divulgation Visualizações: 3039 (0) (0) (0) (0)

The Plenary can vote on Wednesday (14/11) the House bill that allows Petrobras to transfer to private companies up to 70% of its pre-salt oil rights in the Santos Basin (PLC 78/2018 ), an area in which the Brazilian oil company was authorized to explore 5 billion barrels of crude oil by means of onerous assignment.

 

Divulgação

 

The House approved the text in July. In the Senate, the proposal was distributed to the Constitutional, Justice and Citizenship (CCJ), Economic Affairs (CAE) and Infrastructure Services (CI) committees. But PLC 78/2018 did not get voted in the collegiate. A request for urgency approved last Wednesday (7) led to direct voting for the Plenary.

 

Another item on the agenda is the Senate bill that changes the way municipalities, states and the Federal District calculate total staff expenses (PLS 334/2017). The Fiscal Responsibility Law (LRF) provides that these expenses must correspond to 60% of the net current revenue (RCL) of each entity.

 

Senator Dalirio Beber's (PSDB-SC) project maintains the same percentage but leaves out of RCL royalties from royalties from exploration for oil, natural gas and other mineral resources. The goal is to avoid swelling on the payroll when there is a loss of royalties. The text provides for a transition rule of 11 years. The rapporteur in the CAE, Senator Fernando Bezerra Coelho (MDB-PE), is in favor of the proposal.

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