{"id":12672,"date":"2023-06-28T00:03:52","date_gmt":"2023-06-28T03:03:52","guid":{"rendered":"https:\/\/cmalaw.com\/three-more-firms-confirm-role-in-brazils-latest-og-auction\/"},"modified":"2023-06-28T00:03:52","modified_gmt":"2023-06-28T03:03:52","slug":"three-more-firms-confirm-role-in-brazils-latest-og-auction","status":"publish","type":"contents","link":"https:\/\/cmalaw.com\/homolog\/contents\/three-more-firms-confirm-role-in-brazils-latest-og-auction\/","title":{"rendered":"THREE MORE FIRMS CONFIRM ROLE IN BRAZIL\u2019S LATEST O&#038;G AUCTION"},"content":{"rendered":"<h5><strong>Source: Latin Lawyer<br \/>\n<\/strong><strong>By Thomas Muskett-Ford<\/strong><\/h5>\n<h5><strong>\u00a0<\/strong>Campos Mello Advogados;\u00a0Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados\u00a0and\u00a0Tauil &amp; Chequer Advogados in association with Mayer Brown\u00a0have all represented clients in Brazil\u2019s record-breaking 15th oil and gas bid round.<\/h5>\n<p>Campos Mello Advogados\u00a0advised US company Murphy Oil, while Mattos Filho assisted BP and ExxonMobil. Tauil &amp; Chequer Advogados also landed a role, but the firm could not reveal its clients prior to publication. They join\u00a0Demarest Advogados, which previously\u00a0confirmed\u00a0its counsel to QPI Brasil Petr\u00f3leo, a subsidiary of state-owned Qatar Petroleum.<\/p>\n<p>Brazil\u2019s\u00a015th bid oil and gas bid round\u00a0was held in late March and involved 68 exploration-phase blocks. Campos Mello\u2019s client Murphy scored two blocks by entering a consortium composed of ExxonMobil and Brazil&#8217;s Queiroz Galv\u00e3o. Its concessions are in the Sergipe-Alagoas basin, which lies off the coast of Rio de Janeiro. The three companies paid a signing bonus of some 3.6 million reais (US$981,500) for each block.<\/p>\n<p>BP also got two blocks with help from Mattos Filho. It teamed up with Norway&#8217;s Statoil to acquire concessions with pre-salt exposure in the Campos basin worth a combined 86.7 million reais (US$23 million).<\/p>\n<p>Mattos Filho\u2019s other client, ExxonMobil, emerged as the biggest winner. The US company entered three consortiums to acquire eight blocks spread across the Campos, Santos and Sergipe-Alagoas basins. The combined signing bonuses paid for these blocks came to 7.05 billion reais (US$1.9 billion). This included its record-breaking 2.82 billion reais (US$848 million) joint offer with Demarest client QPI and Petrobras for block C-M-789 in the Campos basin.\u00a0<em>Latin Lawyer\u00a0<\/em>understands this is the highest-ever paid for a Brazil oil and gas concession.<\/p>\n<p>The auction compares favourably to the country\u2019s last major bid round, which was\u00a0<a href=\"https:\/\/latinlawyer.com\/article\/1150733\/multiple-firms-star-in-brazil%E2%80%99s-recent-o-g-auctions\">held<\/a>\u00a0in September 2017. Brazil&#8217;s National Petroleum Agency drew 8 billion reais (US$2.4 billion) in signing bonuses, which is considerably more than the 3.8 billion reais (US$1 billion) earned in the 14th bid round. Of the 68 exploration-phase blocks up for grabs, 22 were acquired by 13 companies from 11 different countries.<\/p>\n<p>President Michel Temer has overseen several oil and gas auctions during his short tenure. A fourth round of bids for pre-salt production-sharing contracts is scheduled for 7 June.<\/p>\n<p><strong><u>Counsel to BP<\/u><\/strong><\/p>\n<p>Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados<\/p>\n<p>Partner Giovani Loss and Felipe Feres and associates Danielle Ludwig, Flavia Giambroni, Nilton Gomes de Mattos Neto and Gabriel Acciarito<\/p>\n<p><strong><u>Counsel to ExxonMobil<\/u><\/strong><\/p>\n<p>Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados<\/p>\n<p>Partner Giovani Loss and Felipe Feres and associates Danielle Ludwig, Flavia Giambroni, Nilton Gomes de Mattos Neto and Gabriel Acciarito<\/p>\n<p><strong><u>Counsel to Murphy Oil<\/u><\/strong><\/p>\n<p>Campos Mello Advogados<\/p>\n<p>Partner Leonardo Costa and associates Fernando Xavier and Anna Joppert<\/p>\n<p><strong><u>Counsel to QPI Brasil Petr\u00f3leo<\/u><\/strong><\/p>\n<p>Demarest Advogados<\/p>\n<p>Partner Jo\u00e3o Almeida and associates Roberta Batalha, Priscila Park and Livia Leal<\/p>\n","protected":false},"featured_media":12668,"template":"","categories":[1],"tags":[],"class_list":["post-12672","contents","type-contents","status-publish","has-post-thumbnail","hentry","category-sem-categoria"],"acf":[],"_links":{"self":[{"href":"https:\/\/cmalaw.com\/homolog\/wp-json\/wp\/v2\/contents\/12672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cmalaw.com\/homolog\/wp-json\/wp\/v2\/contents"}],"about":[{"href":"https:\/\/cmalaw.com\/homolog\/wp-json\/wp\/v2\/types\/contents"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cmalaw.com\/homolog\/wp-json\/wp\/v2\/media\/12668"}],"wp:attachment":[{"href":"https:\/\/cmalaw.com\/homolog\/wp-json\/wp\/v2\/media?parent=12672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cmalaw.com\/homolog\/wp-json\/wp\/v2\/categories?post=12672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cmalaw.com\/homolog\/wp-json\/wp\/v2\/tags?post=12672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}