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: 3699 (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
see see
PPSA
Federal Government receives R$ 917.32 million from Tupi ...
07/04/26
Study
Brazil increases dependence on thermal power, but lack o...
07/04/26
Permanent Offer
Permanent Production Sharing Offer (OPP): ANP publishes ...
07/04/26
Taxation
Infis Consultoria promotes the 4th Oil & Gas Taxation Se...
07/04/26
Green Hydrogen
Study at RCGI maps regions with the greatest potential f...
07/04/26
iBEM26
Goldwind advances in Bahia with factory in Camaçari and ...
27/03/26
iBEM26
Bahia showcases its bioenergy potential and reinforces i...
27/03/26
iBEM26
ESG practices in the renewable energy sector are highlig...
26/03/26
iBEM26
ABPIP highlights the role of independent producers in en...
26/03/26
iBEM26
Jerônimo Rodrigues highlights Bahia’s potential in the e...
26/03/26
Campos Basin
New oil discovery in the pre-salt of the Campos Basin
26/03/26
Royalties
Royalties: amounts related to January production for con...
26/03/26
iBEM26
iBEM 2026 begins in Salvador with debates on energy secu...
25/03/26
iBEM26
iBEM 2026 brings together specialists and discusses the ...
25/03/26
Petrobras
Museum of Petroleum and New Energies will operate in the...
19/03/26
Macaé Energy
Macaé Energy: debates focus on the strategic role of nat...
18/03/26
Macaé Energy
Macaé Energy 2026 strengthens the municipality’s positio...
17/03/26
Macaé Energy
With record-breaking attendance, the Macaé Energy trade ...
17/03/26
Offshore Technology & Subsea Engineering
Trendsetter Vulcan Offshore Customizes Tethered BOP Tech...
17/03/26
Macaé Energy
FIRJAN: Technical Conference is a Highlight of Macaé Ene...
16/03/26
Permanent Offer
Inclusion of 15 New Blocks in Permanent Offer (OPP) Bid ...
14/03/26
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.