& Tobago

Very usefull links


News links




Dow Jones

Oil price



Views and News




Brazil's ANP head resigns amid oil, gas reforms

ANP Director Deccio Odone announces resignation

- Oddone headed regulator since December 2016
- Move allows new team to continue reform efforts

By Platts

Petroleumworld 01 17 20120

Decio Oddone, director general of Brazil's National Petroleum Agency (ANP), has resigned in a surprise move, but said he will remain until his successor is selected to avoid a leadership vacuum amid ongoing reforms across the country's oil and natural gas sector.

Oddone's term, which started in December 2016, was scheduled to end December 23.

"There weren't any changes in the composition of the ANP's board of directors in 2019, although three new directors will be nominated in 2020," Oddone said in a letter published late Wednesday. "I decided to anticipate the end of my mandate, which was to go until December, but will remain in my post for sufficient time to approve my substitute."

Brazil President Jair Bolsonaro will select a candidate for ANP director general, with the nominee expected to be submitted in February when Congress returns from holiday recess.

Ongoing reform

ANP's next head will play a key role in nominating candidates to replace current directors Aurelio Amaral, whose mandate ends in March, and Felipe Kury, whose mandate ends in December.

The new team will be tasked with carrying out additional oil-industry reforms aimed at maintaining momentum from regulatory changes implemented since 2017 after two subsalt production-sharing auctions failed to generate heated bidding as expected.

While previous changes, such as allowing foreign oil companies to operate subsalt fields under production-sharing contracts and reducing requirements to use locally produced goods and services, generated record signing bonuses and profit-oil guarantees, the sixth subsalt production-sharing auction and first transfer-of-rights sales failed to generate offers from global oil companies.

In the wake of the lackluster interest, officials at the ANP, Mines and Energy Ministry and other government entities vowed to once again evaluate the regulatory regime for potential changes, including lower signing bonuses, lower profit-oil requirements and the end of preferential rights to subsalt blocks for state-led oil company Petrobras.

Brazil's Congress is also debating a bill that would end the subsalt polygon, which determines whether blocks are sold under production-sharing or concession contracts.

"A new phase is starting and now is the time to adjust regulations to this new model," Oddone said. "I believe this is the time to start the process of composing the ANP directorship that should approve the regulatory changes that are going to sustain the transformation that we started to build because the time period for mandates doesn't always align with cycles of change."

Leading change

Oddone not only played a key role in Brazil's successful reopening of its oil and gas sector, but also carried out a massive modernization and transformation of the ANP into a transparent and agile regulator.

Under Oddone's leadership, ANP rules were simplified and streamlined to reduce bureaucracy and make participation in Brazil's oil and gas industry easier for oil companies, especially smaller players.

In addition to moves aimed at attracting investments from major oil companies in the subsalt, ANP also implemented programs to boost output and recovery rates at mature fields. It reduced royalty rates and started the open acreage system, which gives oil companies faster access to acreage returned to the ANP or that failed to generate bids in previous auctions.

Oddone also led the ANP complaints with the Justice Ministry's antitrust division, known as CADE, which led to deals with Petrobras that will end the company's monopolies in refining, fuels distribution and natural gas sales, transport and distribution.

Oddone, who previously worked at Petrobras and Prumo Logistica's Acu Port, also re-established communication between the private sector and the government, which had waned during the years the Workers' Party was in control of the government. The party favored a state-led model for subsalt development that nearly bankrupted Petrobras after a corruption scandal was uncovered in 2014.

From S&PGlobal Platts. 01 16


We invite you to join us as a sponsor. Circulated Videos, Articles, Opinions and Reports which carry your name and brand are used to target Entrepreneurs through our site, promoting your organization’s services. The opportunity is to insert in our stories pages short attention-grabbing videos, or to publish your own feature stories.________________________

Copyright© 1999-2020 Petroleumworld or respective author or news agency. All rights reserved.

We welcome the use of Petroleumworld™ (PW) stories by anyone provided it mentions as the source.

Other stories you have to get authorization by its authors. Internet web links to are appreciated.

Petroleumworld welcomes your feedback and comments, share your thoughts on this article, your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to:

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8, 10 +/ 800x600 pixels

Twitter: @petroleumworld1




Editor & Publisher: Elio Ohep/
Contact Email:

CopyRight © 1999-2020, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2020, Petroleumworld   / Elio Ohep - All rights reserved

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.