10 Dec 2009 - by PreSalt.com - Source: Agência Câmara
The Brazilian House of Representatives approved late on Wednesday (9 / 12) the bill establishing the system of production sharing in the pre-salt areas. This is the second of four projects dealing with the pre-salt to be approved. The first was establishing the Petro-Sal (Company to be created for the administration of pre-salt areas). Petrobras will be the sole operator of the fields, as provided in the text submitted by the rapporteur Henrique Eduardo Alves (PMDB-RN).
Amendment embraced by rapporteur decreases the share that the Union receives of special participation, from 50% to 35%. 15% will be distributed among states and municipalities do not produce oil, the states will get 10% and the municipalities with 5%. The special participation will not be charged in the regions under a production sharing, in which only cover the collection of royalties. Among the states and municipalities producers oil, states receive a 40% of special participation, and municipalities, 10%, similar to what happens today.
The royalties relating to the areas already granted in the pre-salt will be divided as follows: the producing states would receive 26.25%, and municipalities, 18%. The municipalities that have loading and unloading of oil will receive 5%. For the Union, will be 20%, non-producing states have 22% and non-producing municipalities 8.75%.
Also approved was the amendment that removes of the text, the term "strategic areas". The term would encompass areas outside the pre-salt considered low risk and strategic interest of the Union therefore would be excluded from bidding.
In this article:
Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA)
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