Petrobras Sends Proposal for Sul de Guara, Nodeste de Tupi & Florim to ANP

With the declaration of commerciality of the areas of Sul de Guara, Nordeste de Tupi and Florim, the formal process to review the transfer of rights agreement will get under way on a block-per block basis, taking into account the technical and economic premises of each area. The review of the transfer of rights agreement is expected to be concluded in 2015.

This review process is under way for the areas of Franco and Sul de Tupi, whose declarations of commerciality were submitted in December 2013. Of all the transfer of rights blocks only the area known as Entorno de Iara has not yet had its commerciality declared, which is expected to take place by December.


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