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Decree No. 9.355 regulating governance, transparency and good market practices for the assignment of rights for exploration, development and production of oil, natural gas and other liquid hydrocarbons by the Brazilian Oil Company (Petróleo Brasileiro S.A. - Petrobras).

Country/Territory
Brazil
Document type
Regulation
Date
2018
Source
FAO, FAOLEX
Subject
Energy, Mineral resources
Keyword
Mining Natural gas Environmental planning Legal proceedings/administrative proceedings Authorization/permit Governance Concession Oil Policy/planning
Geographical area
Amazonia, Americas, Latin America and the Caribbean, North Atlantic, South America, South Atlantic
Entry into force notes
This Law enters into force on the day of its publication.
Abstract

This Decree, consisting of 39 articles divided into four Titles, regulates governance, transparency and good market practices for the assignment of rights for exploration, development and production of oil, natural gas and other liquid hydrocarbons by the Brazilian Oil Company (Petróleo Brasileiro S.A. - Petrobras). This Decree establishes the special procedure for assigning rights for the exploration, development and production of petroleum, natural gas and other liquid hydrocarbons by Petrobras, as established in art. 29, in art. 61, and in art. 63 of Law No. 9.478 of 6 August 1997, and in art. 31 of Law 12.351 of 22 December 2010. The special procedures referred to in this Decree include the assignment of rights to the exploration, development and production of oil, natural gas and other liquid hydrocarbons by Petrobras, and its subsidiaries. The assumption of rights and formation of consortia with domestic or foreign companies (whether or not as a leading company) including participation in the above mentioned activities, shall remain governed by the regime of private companies in the character of free competition, and will not be subject to the special procedure referred to in this Decree.

Full text
Portuguese
Website
www.planalto.gov.br

References - Legislation

Implements

Law No. 9.478 on the National Energy Policy.

Legislation | Brazil | 1997 (2018)

Keyword: Basic legislation, Energy conservation/energy production, Policy/planning, Institution, Oil, Natural gas, Fuelwood, Concession, Contract/agreement, Pollution control

Source: FAO, FAOLEX

Law No. 12.351 on the exploitation and production of oil, natural gas and other liquid hydrocarbons, and amending the National Energy Policy.

Legislation | Brazil | 2010

Keyword: Energy conservation/energy production, Policy/planning, Oil, Natural gas, Concession, Special fund, Mining, Legal proceedings/administrative proceedings, Authorization/permit

Source: FAO, FAOLEX