Rio de Janeiro – This year, oil production in Brazil should earn the federal, states and municipal governments slightly over R$ 31 billion (US$ 14,2 billion) worth of fees and royalties. Of those, R$ 16.1 billion (US$ 7.3 billion) will be royalties, R$ 14.9 billion (US$ 6.8 billion) will consist of fees, and R$ 200 million (US$ 91.7 billion) will be other revenue sources.
The estimate was made by the new director of the National Petroleum, Natural Gas and Biofuels Agency (ANP), Waldyr Barroso, who will be inaugurated this Thursday (17th) in Rio de Janeiro. The amount is similar to last year’s R$ 31.5 billion (US$ 14.4 billion). “The forecast for this year is R$ 31.2 billion (US$ 14.3 billion) in royalties and fees. We are projecting that the amount will increase as a result of the new sharing agreements,” said Barroso.
The first auction held under a petroleum sharing agreement, in which the federal government is paid revenues from oil extracted at the pre-salt layer, will be held next Monday (21st). Only one area will be tendered, Libra, which contains recoverable oil reserves ranging from 8 billion to 12 billion barrels, according to estimates.
*Translated by Gabriel Pomerancblum
