Brazil

Special participation: tax collection drops due to the price of oil and gas

T&B Petroleum/Press Office ANP
14/02/2023 17:10
Special participation: tax collection drops due to the price of oil and gas Imagem: Divulgation BP Visualizações: 1889 (0) (0) (0) (0)

In the 4th quarter of 2022, the collection of special participation (PE) in Brazil was R$ 10.5 billion. The data were disclosed by the ANP and can be checked here.

The PE collected in the 4th quarter fell 19% compared to the 3rd quarter of 2022. The reduction was due to the decline in the reference prices of oil and natural gas, adopted for calculating the PE, which were impacted by the reduction in the international market price Brent, 12%, and Henry Hub, 30%.

Brent is a classification of crude oil. It is a lighter oil, traded on the London Stock Exchange and produced offshore in northern Europe and Asia. The Henry Hub is a trading point for natural gas in North America, a connecting pipeline that transports gas along the entire Gulf Coast of the United States.

The special participation is an extraordinary financial compensation owed by oil or natural gas exploration and production concessionaires for fields with a large production volume, calculated quarterly based on the net revenue from the production of each field, considering the deductions provided for in the applicable legislation.

See below the PE collection values, in each field, in the 3rd and 4th quarters of 2022:

See also the variation in Brent and Henry Hub values:

Most Read Today
see see
International Company News
TVO Adds to Global Business Development Team
01/05/25
Ethanol
Sugarcane production estimated at 663.4 million tons for...
30/04/25
OTC Houston 2025
Brazilian industry to attend OTC 2025 aiming to expand i...
30/04/25
Carbon Capture
Impact Hub and Tencent launch program offering up to 1 m...
30/04/25
International
Petrobras presents investment opportunities in the naval...
30/04/25
Results
Petrobras production grows 5.4% and reaches 2.8 million ...
30/04/25
Carbon Reduction
Report: Baker Hughes Achieves Nearly 40% Reduction in Op...
29/04/25
Natural Gas
Comgás launches public call for natural gas acquisition
29/04/25
Royalties
Values related to February production under concession a...
29/04/25
Biogas
TBG develops Biogas Hub project to boost biofuel integra...
29/04/25
OTC Houston 2025
OTC 2025 Announces Emerging Leaders Class
25/04/25
OTC Houston 2025
Renown Deep-Sea Diver Chris Lemons to Speak at OTC 2025
15/04/25
SPE
Sustainability in the Oil and Gas Industry
15/04/25
Energy Efficiency
Foresea Develops Technologies to Reduce Emissions and In...
14/04/25
Permanent Offer
ANP Announces Sectors to Be Offered in the 5th Cycle of ...
14/04/25
Vitória Petroshow 2025
Vitória Petroshow 2025 establishes itself as the largest...
14/04/25
Opportunity
IBP President advocates for professional training to fil...
10/04/25
Vitória Petroshow 2025
Anchors' Night celebrates the success of Vitória Petrosh...
10/04/25
Bahia Oil & Gas Energy 2025
Bahia Oil & Gas Energy 2025 is now open for registration
10/04/25
Vitória Petroshow 2025
Vitória PetroShow Generates Nearly R$ 1 Billion in Busin...
09/04/25
Vitória Petroshow 2025
First Day of Vitória PetroShow 2025: Petrobras Announces...
09/04/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.