Brazil Round 1Brazil Round 1

Legal / Tax Seminar Legal / Tax Seminar and Technical and Technical

WorkshopWorkshopMarch 30-31, 1999March 30-31, 1999

Rio de Janeiro, Brazil Rio de Janeiro, Brazil

Brazil Round 1Brazil Round 1

Maria Elisa Simões de Maria Elisa Simões de Ouro PretoOuro Preto

Superintendent - Institutional RelationsSuperintendent - Institutional RelationsANPANP

Brazil Round 1Brazil Round 1

David ZylbersztajnDavid ZylbersztajnDirector GeneralDirector General

ANPANP

Objectives of Conference

To provide understanding of conditions in Brazilian oil and gas sector in general and this first round in particularProvide a forum for all parties to understand each others' positions, perspectives and constraints Provide single point access to relevant ANP and external advisory personnel

Brazil Round 1Brazil Round 1

Ivan Araujo Simões Ivan Araujo Simões FilhoFilho

Superintendent - Licensing and PromotionsSuperintendent - Licensing and PromotionsANPANP

Conference Overview

FormatMain SessionsBreakout SessionsWritten questionsTechnical WorkshopPresentation Materials

Main Sessions

FormatLecture - presentation style with speakers from ANP and/or its advisorsQuestions permissible if time allows but may be more fully answered and discussed in the breakout sessionsAttendance open to all participants

Conference Agenda - Main Sessions

Main SessionsTuesday amConcession AgreementGovernment Take - Petroleum Law

Tuesday pmBrazilian Tax SystemExchange ControlsPrice Controls and Export Regulations

Wednesday amAccess to Infrastructure/DistributionFinal Tender Protocol/Bidding Procedures

Breakout Sessions

FormatForum for interactive discussion between companies and panels of ANP and its advisorsNo formal presentationTime slots noted on conference agendaSign-up on first come, first served basis at the registration deskLimited to 20-30 participants per session

Conference Agenda - Breakout Sessions

Tuesday amNone scheduled

Tuesday pmConcession AgreementGovernment Take and Tax

Wednesday amConcession AgreementGovernment Take, Tax and Exchange ControlsRegulatory I (Access, Gas, Price Controls, Export Regs)Regulatory II (Environment, Permitting)

Wednesday pmRegulatory IRegulatory IIGovernment Take, Tax and Exchange ControlsFinal Tender Protocol/Bidding Procedures

Technical Workshop

FormatOpen to all participantsInformal workshop format4 workstations with all data loadedBase maps and seismic line dataANP staff plus technical support Principal TopicsBackground and explanations of Minimum Work ProgramsGeneral discussion on geology/geophysics Data package contents/formats

Housekeeping Items

Presentation MaterialsAll English language references to the Concession Agreement, Laws, Decrees and Regulation are unofficial translations. Only the Portuguese versions have legal effectCopies of draft material available at registration deskFinal copies of all material available on web-site next week

Questions and AnswersEncourage written questions submitted in advance to facilitate preparation and responsiveness in the breakout sessions

Breakout sessions Registration, cancellations and rescheduling

MealsReception

Housekeeping(Continued)

LanguageAdditional translators

Additional SessionConcession Agreement and Final Tender ProcessWednesday 4:00-5:30pmRegistrants after number 30 on 2:00-3:30 session will be automatically rescheduled

Brazil Round 1 Team

ANPGaffney, Cline & AssociatesCleary, Gottlieb Steen & HamiltonUlhôa Canto, Rezende e GuerraDomingues & Advogados

ANP

Concession AgreementSonia Maria Agel da SilvaIvan Araujo Simoes Filho Huascar Cahuide Lozano

Government Take- Petroleum LawRafael SchechtmanDecio BarbosaAfranio Acioli de Oliviera

Price Controls/Export RegulationsAdriano Jose Pires RodriguesSylvio MuradLeonardo Campos

Access to Infrastructure/DistributionCarlos Valois BragaGilson KrauseJose Cesario CecchiGuilherme Barbosa VinhasFabiano Pompermayer

Environmental/PermittingOsvair TrevisanOswaldo Antunes Pedrosa Jr.Nilce Olivier CostaTelma Maria M. Malheiros (IBAMA)

Tender Protocol/BiddingCesar GoncalvesIvan Araujo Simoes Filho Sonia Maria Agel da Silva

ANP (continued)

Technical WorkshopRenato SennaFabio PintoSandro MercioDavilson AndradeDaniel PedrosoOrivaldo BagniMarco Antonio LellisAdemar Fujita Paulo Araripe

ANP (continued)

ANP Advisors

Gaffney Cline & Associates Bill ClineBob GeorgeMenno Dinkelman

Cleary Gottlieb Steen & HamiltonRussell PollockRicardo AnzaldúaGyedre Oliveira

Ulhôa Canto Rezende e GuerraCondorcet RezendePaulo Valois Pires

Domingues e AvogadosJose Marcos Domingues de Oliviera

Spot Training Professor Antonio Nicoletti