Thursday, December 1, 2011

Brasil.Institutional Framework for Sub-salt Oil Production

This consultancy will support the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in the development of the new regulatory framework and of an appropriate institutional framework for the economic use of the sub-salt reserves.

The document will provide detail on who are the different actors involved in the process, including the definition of the areas to the realization of production, what are their roles, and what are the laws and regulations governing their actions. Also, the study intends to clearly identify and differentiate the missions and responsibilities of the different authorities, so as to avoid inefficiencies and overlap.

In particular, in relation to ANP (the National Agency of Petroleum, Natural Gas and Biofuels) and PPSA (Pré-Sal Petróleos SA, the sub-salt company) the study should consider a transition phase, where ANP will act as PPSA. Thus, the study should suggest what would be the decision-making processes and the major administrative tasks that should be incorporated into ANP which will subsequently be transferred to PPSA.These objectives are consistent with the country strategy in two key areas: (a) productivity and infrastructure ... to use public-private partnership models in new investments ... and (b) modernization of the state and institutional strengthening (as contained in the document GN-2570 of May 4, 2010).

IDB. IBR-T1206 : Institutional Framework for Sub-salt Oil Productions