Decision on individualization of the production of the Jubart
The ANP (National Agency of Petroleum, Natural Gas and Biofuels) approved, on Wednesday (24.Jul.2025), the AIP (Production Individualization Agreement) of the shared pre-salt deposit in the Campos Basin. The AIP is valid from August 1, 2025.
The field should generate R $ 1.7 billion to the public coffers, according to the Treasury Secretary, Rogério Ceron, during the bimonthly presentation of the Union Revenue and Expenses Report.
The amount adds to the estimated R $ 16.5 billion with oil auctions expected to 2025. In all, the total projection of revenue with the exploration of natural resources rose from R $ 122.3 billion to R $ 140.2 billion in 2025.
The Jazbarte de Jubarte, in the Campos Basin, is on the southeast coast of Brazil, covering the coast of Espírito Santo and Rio de Janeiro, between the cities of Vitória (ES) and Arraial do Cabo (RJ). It is considered the main oil basin of the country, being responsible for much of the national production of oil and natural gas.
The agreement establishes the participation of each party and the rules of joint execution of the operations of development and production of oil and natural gas in the shared deposit. The participation of each part in the shared deposit of jubarte becomes:
- Petrobras, with 97.25%;
- Shell, com 0,43%;
- Brava, with 0.19%;
- NGO, with 0.23%; and
- PPSA, com 1.89%.
Committee is committed to negotiating the financial compensation between the expenses incurred and the revenues related to the volumes produced until the date of the effectiveness of the AIP, according to Petrobras.
The shared deposit understands:
- Jubart Field Area (BC-60) with 97.25%, and;
- Unscreased areas (Union, represented by PPSA) with 1.89%; and
- Argonaut field area (BC-10) with 0.86%;
A shared oil deposit occurs when the same oil or natural gas reservoir – in the case of jubart – extends through areas that belong to different dealers, contracts or even countries.
In this case, as oil is in a single underground reservoir, a unitization agreement is required for the exploration to be done in a coordinated manner.
