The Second Round of Bidding for the Excess Volumes of the Transfer of Rights, held today (12/17) by the ANP, had the two areas that were on offer: Sépia and Atapu. The total signature bonus collected was R$ 11.14 billion. The percentages of surplus oil for the Union were 37.43% for Sepia and 31.68% for Atapu, corresponding to premiums of 149.20% and 437.86% respectively.

The Director General of the ANP, Rodolfo Saboia (photo), highlighted the results of the Round. “We had an extraordinary result for Brazil, which surpassed our expectations. The great news is that we were able to obtain competition, increasing the percentage of surplus oil. With that, we guarantee more resources that will be destined to the Brazilian society in the long term, through a much bigger collection on the profit of the oil production resulting from the auction. I would also point out that there were five winning companies, which expands the diversity of the Brazilian pre-salt exploration and production scenario, bringing even more dynamism to the sector”, he said.

As in all rounds of the sharing regime, in this event, the signing bonuses (amount paid in cash by companies that purchase areas in the bidding process) were fixed and determined in the notice.

Thus, the criterion for choosing the winning companies was the oil surplus for the Union. The bidding notice established a minimum percentage of oil surplus, based on which companies made their bids.

The oil surplus is the portion of oil and/or natural gas production to be shared between the Federal Government and the contracted company, according to criteria defined in the contract and the percentage offered in the round. This is the total volume of production minus royalties due and the cost of oil (production portion corresponding to the company's costs and investments in the operation of the field).

The signing of the contracts is expected to take place until 04/29/2022.

Due to the Covid-19 pandemic, the event was hybrid: the public bidding session was in person, with all the necessary security precautions, and there was a live broadcast so that the public could follow the entire process over the internet.