Public Consultation for New Technical Regulation for the Development Plans

Public Consultation No. 13/2014

The Brazilian National Agency for Petroleum, Natural Gas and Biofuels ("ANP") has made available a draft resolution revising ANP Ordinance No. 90/2000 and ANP Resolution No. 46/2009 ("Draft Resolution"). ANP Ordinance No. 90 establishes the Technical Regulation for Development Plans, while ANP Resolution No. 46 specifies the quality of biofuels, oil, natural gas and its derivatives.

The main highlight of the Draft Resolution is that the ANP intends to create rules for two categories of Development Plans (i) Development Plan for High-Volume Production Fields (those that produce over 5,000 boe/day); and (ii) Development Plan for Low-Volume Production Fields (those that produce under 5,000 boe/day). Each category will have their own technical rules, according to the annexes of the Draft Resolution.

The public hearing will take place on September 26, 2014, at ANP?s head office, located at Avenida Rio Branco, 65, 13th floor, Rio de Janeiro, and shall be preceded by a public consultation during a period of 45 days from July 21, 2014. Public hearings will also be held in Salvador/BA and in Mossor?/RN, which will have their dates and locations announced in due course.