Investment and Partnerships Plan should boost the oil and gas sector

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  • Posted on June 13, 2016

    Oil and gas should be one of the main beneficiaries of a new Federal Government concession series, outlined by the Investment and Partnerships Program (PPI).With a range of projects including new pre-salt area auctions, the prediction is that 11.000 direct and 195.000 indirect jobs should be generated, with a total investment estimate of around US$ 120 billion.

    All these new resources should also result on an additional boost for state revenue, since projections for oil reserves yet to be explored indicate a potential to generate US$ 228 billion in royalties and taxes over the coming decades.

    ANP has already made itself available to hold a pre-salt auction in 2017, but there is still the need to approve the bill which removes the obligation of having Petrobras participating in all pre-salt fields. The bill has already passed through the Senate, but relies on the approval by the House of Representatives.

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