Published in 28/03/2019

Starting next Monday, March 25, the Production-Sharing Spending Management System (SGPP), developed by Pré-Sal Petróleo, will start operating. The company will now carry out the cost acknowledgmentof each of the production-sharing agreements by SGPP, as well as monitor the oil and gas production of the agreements, if any, and automatically calculate the surplus in the Union oil.

Throughout Thursday (21), more than 60 professionals from the five distribution operators (Petrobras, Shell, Equinor, ExxonMobil and BP) participated in training to become familiar with the system. In the evaluation of the participants, the SGPP brings confidence, agility and standardization. As of next week, data from the Libra Production Sharing Agreement will now be received by the SGPP. Subsequently, the same practice will be adopted for the other agreements. Each operator will have until the 25th of each month to send the remittance of costs through the SGPP.

According to the president-in-office of the company, Hercules Tadeu Ferreira da Silva, the SGPP is the starting point of the company's digital transformation process. ‘The system will bring more agility and efficiency to the management of the sharing agreements. Currently, Pré-Sal Petróleo has up to 15 days to review a remittance and check for any non-compliance. From now on, when the operator sends the spreadsheet online, the system will automatically validate and, if there are any cost lines that are not 100%, in seconds, a worksheet will be made available to the operator, identifying the error to be repaired. This will make the operation faster, in addition to increasing the reliability of the process’, he said, adding that one of the characteristics of the SGPP's elaboration was the intense collaborative work between Pré-Sal Petróleo and operators.

The security, integrity and confidentiality of each project's data is protected by the system. Each operator will have access exclusively to the data of his contract. Pre-Sal Petróleo, however, begins to form an unprecedented digital database on the pre-salt sharing agreements. ‘In the future, we will be able to compare all the cost lines of the production-sharing agreements, which will help us to make an increasingly efficient management of the agreements, in pursuit of cost reduction and increased oil profit, in order to maximize the gains for the Union and for all operators / consortiums’, explained Ferreira da Silva.

The SGPP has ten modules, which will serve all the fronts of performance of Pré-Sal Petróleo, including the commercialization of the Union's oil and gas and the management of the Agreements of Individualization of Production. The system will be fully operational by the second half of this year. In the first phase, four modules will be operational: Cost Acknowledgment, Cost Recovery, Production Monitoring and Surplus Oil Calculation.

About Pré-Sal Petróleo

Pré-Sal Petróleo is a company linked to the Ministry of Mines and Energy and has the mission to manage the sharing contracts; represent the Union in the production unitization agreements and to perform the commercialization of all the hydrocarbons of the Union. The SGPP will be used to meet the agreement management requirements. Today, 14 production sharing agreements are in force, as shown in the table below.