Agreements Assignment
Under Laws No. 9,478/1997 and No. 12,351/2010, transfer (assignment) of agreements for exploration and production of oil and gas is allowed, preserving the object and contractual conditions, provided that the assignee meets technical, economic, and legal requirements.
Authorization for assignment of agreement, as well as for performance of merger, spin-off and incorporation, change of operator, and replacement or exemption of performance guarantee shall be preceded by administrative procedure for assignment.
The assignment process will be started and conducted by ANP, in the terms of ANP Resolution ANP nº 785/2019 and ANP Ordinance No. 132/2022, and will follow the procedure as described in the Assignment Procedure Manual.
ANP Resolution No. 785/2019 was published after a period of Public Consultation and Public Hearing No. 28/2018 and discussions about the financing modality Reserve Based Lending.