São Paulo – The Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) calculates that obligatory investments in Research, Development and Innovation in the sector will reach R$ 30 billion (US$ 12.4 billion, in current exchange rates) in the next ten years. The forecast was made in an agency publication, the Oil Bulletin.
The calculation was made based on production estimates for the period as informed by the operating companies. The companies believe that the greatest obligatory investment volume will occur in 2020, when investments will reach about R$ 4 billion (US$ 1.6 billion).
This year, investments are expected to reach R$ 1.4 billion (US$ 576.5 million), an increase in relation to the R$ 1.2 billion (US$ 494.1 million) invested last year. Obligatory research investments are the equivalent to 1% of gross revenues for operators in the high production fields and 0.5% in sites where a special concession regime, called “cessão onerosa”, is in place.
*Tradução de Silvia Lindsey