The 14 production sharing agreements will require investments of US$ 144 billion over the next ten years. The estimate is a result of a study produced by Pré-Sal Petróleo, in partnership with Agência epbr, which mapped out the investments and the production of oil and gas of these contracts up to 2028. The study was presented on Tuesday (22^nd) at the 1^st Technical Forum of Pré-Sal Petróleo, which gathered industry leaders together for a debate on the theme "Production Sharing Regime 5+10: Lessons Learned and Future Scenario?. The event included the participation of the executive secretary of the Ministry of Mines and Energy, Márcio Félix, besides executives of the operators and directors of the National Petroleum, Natural Gas and Biofuels Agency (ANP - Agência Nacional do Petróleo, Gás Natural e Biocombustíveis), Dirceu Amorelli and Felipe Kury, and of the Energy Research Company (EPE - Empresa de Pesquisa Energética), José Mauro Coelho.

According to the study, in 2028, the 14 areas contracted will be producing 2 million barrels of oil per day. The share of surplus in oil of the Union will be approximately 250 thousand barrels of oil per day. The work concluded that investments will be necessary of US$ 50.4 billion in production platforms, US$ 43.2 billion in subsea systems, and US$ 50.4 billion in wells. They estimate that 19 FPSOs and 316 wet Christmas trees will be required to meet the production needs of the consortia in the period.

The executive secretary of the Ministry of Mines and Energy, Márcio Félix, emphasized the need to continue with the sharing model in the auction of four surplus areas of the transfer of rights regime as a form of ensuring the safe development of the pre-salt. "It is necessary to continue with the current process. Changing this on the eve of an auction of this magnitude generates insecurity", said Félix. According to the executive, the expectation is to auction off the areas of Itapu, Atapu, Sépia and Búzios, probably, in the second quarter of 2019.

The Chief Executive Officer of Pré-sal Petróleo, Ibsen Flores, highlighted the goals achieved by the company in these five years, such as the commercialization of the oil and natural gas, the making of Production Unitization Agreements (AIPs - Acordos de Individualização da Produção) in the Pre-Salt Polygon and the financial result for the Federal Government. "We are going to deliver a result of R$ 1.2 billion in 2018. In the next three years, we will have an influx of R$1.4 billion per year as revenue of the commercialization?, Flores pointed out.

The trend is for this result to grow. Based on the study’s projections, in 2028, the commercialization of the surplus in oil of the Federal Government (250 thousand barrels per day) is going to generate US$ 5 billion in revenue for the Federal Government.

For the partners and operators, the production sharing regime is presented as a model of success due to various factors. According to Fernando Borges, executive manager of Libra, the synergy generated among the various players has helped to optimize the decision-making process and to make the projects more agile.

The vice-president of Exploration and Production of Shell, German Burmeister, also considered agility to be the differential in the sharing regime. "What we have achieved in the Libra project is already a success story. We have shown that by working together we have been able to deliver what was expected of us. We have accomplished a lot in a short time?.

Tanguy Cosmao, Director of Business Development of Equinor, described the experience of the Norwegian company as extremely positive. "We were able to start our operation in the northern part of Carcará in less than 10 months?. For Cosmao, the secret for the good progress of the operation under the production sharing regime is predictability, transparency and collaboration between the different players.