Marcio Felix

Oil and Gas in Brazil: An Investment Friendly Environment

Houston February 12, 2017

Secretary of Oil, Gas and BiofuelsMinistry of Mines and Energy of Brazil

Exploration and Production Policy Review

Transfer of Right Areas Review

Local Content Policy Review Fostering of Onshore

Exploration and Production Bid Rounds Planning

Priority Initiatives for Oil, Gas and Biofuels in Brazil

Upstream Midstream and Downstream Natural Gas: Gas for Growth Fuels and Derivatives: Brazil Fuel Biofuels: RenovaBio

Concession and Marginal Fields14th 15th 16th

Production Sharing2nd and 3rd 4th 5th

2017 2018 2019

National Policy Goals: Strengthening internal and external

institutional relationships Encouraging multi-stakeholder

relationships and ongoingcommunication

Improving legal and regulatoryframeworks while ensuring legal stability

Enabling a thrustworthy, innovative andcompetitive environment

Ministério de Minas e EnergiaSecretaria de Petróleo, Gás Natural e Biocombustíveis

14th Concession Bid RoundSeptember 2017

Ministério de Minas e EnergiaSecretaria de Petróleo, Gás Natural e Biocombustíveis

September 20172nd Production Sharing Bid Round

34

2

1Rio de Janeiro

Santos Basin

Campos Basin

Espirito Santo Basin

Vitoria

São PauloBidding Areas (under Unitization):1. Tartaruga Verde Field

1. Gato do Mato Discovery

1. Carcará Discovery

1. Sapinhoá Field

Ministério de Minas e EnergiaSecretaria de Petróleo, Gás Natural e Biocombustíveis

Transfer of Rights Areas

1. Búzios 2. Itapu 3. Atapu, Berbigão

and Sururu 4. Sépia 5. Sul de Lula 6. Sul de Sapinhoá

12 3

54

6

Rio de Janeiro

Santos Basin

Campos Basin

Espirito Santo BasinVitoria

São Paulo

Ministério de Minas e EnergiaSecretaria de Petróleo, Gás Natural e Biocombustíveis

Oil and Gas Companies Operating in Brazil

MM

bbl/d

Others:Anadarko

BPCNOOC

EcopetrolExxonMobilGalp Energia

EngieKaroonONGC

Premier OilPerencoPTTEP

RosneftRepsol-Sinopec

SonangolCompanies Currently Producing in Brazil

Ministério de Minas e EnergiaSecretaria de Petróleo, Gás Natural e Biocombustíveis

Pre-salt Geologic Section

Libra Seismic Line Petersohn & Abelha (2013), ANP

Ministério de Minas e EnergiaSecretaria de Petróleo, Gás Natural e Biocombustíveis

Bringing Energy to the World. Together.

marcio.felix@mme.gov.br