Espirito Santo Oil & Natural Gas Yearbook 2021 slide image

Espirito Santo Oil & Natural Gas Yearbook 2021

CAPÍTULO 4| RESEARCH, DEVELOPMENT AND INNOVATION Chapter 4 RESEARCH, DEVELOPMENT AND INNOVATION Innovation is a key point for the development of technological solutions in the Oil and Gas (O&G) industry. Having said that, encour- aging research, development, and innovation (RD&I) in the O&G in- dustry is essential for maintaining the industry's production capacity and competitiveness. The development of these solu- tions covers topics such as pro- duction, processing, well engineer- ing, safety, and the environment, among others. These innovations become fundamental for the de- velopment of new technologies for the industry and for the safety of workers. In this context, the Re- search, Development, and Innova- tion (RD&I) Clause remains an im- portant incentive mechanism for the production of knowledge and new technologies for the industry. 4.1. The RD&I Clause Signed in the oil and natural gas exploration and production con- tracts, this provision establishes the investment of a percentage of the gross revenue from pro- duction in research, develop- ment, and innovation projects and programs by oil companies. The amounts generated are in- vested in RD&I projects that can be developed by the Oil Compa- ny itself, by Brazilian Companies, or by Accredited Institutions throughout the country. The financing of these projects, according to the clause, began in 1998, the year after the enact- ing of the Petroleum Act (Law 9.478/97), but was only regulat- ed in 2005 by ANP Resolution 05/2005). In 2015, this regulation was re- placed by the current one, coming into force in the following year. As of this last resolution, com- panies supplying O&G goods and services and technology-based companies were able to use the resources under the aforemen- tioned clause. Moreover, stan- dards, definitions and procedures were established for the three models of oil and natural gas exploration and production con- tracts practiced in the country³³ In 2019, the ANP approved the revision of the regulation and the changes expanded the possibili- ties of operations by research in- stitutions and encourage the ex- ecution of projects in partnership between universities and com- panies 34. This change opened up the possibility of creating a more dynamic and productive innova- tion environment with a diversity of players. 2019 ANP approved the revision of ANP Technical Regula- tion 3/2015. The changes have ex- panded the possibilities for research institutions to operate, they encourage the execution of projects in partnership between universities and companies and allow for the execution of new models of projects and programs 33. In concession contracts, the RD&I provides that concession holders shall incur qualified ex- penses such as research and development in amounts corresponding to 1% (one percent) of the gross revenue from production of the fields paying the Special Share. In production sharing and trans- fer of rights contracts, the value of the obligation corresponds to, respectively, 1% (one percent) and 0.5% (half percent) of the annual gross revenue of the fields belonging to the blocks detailed and out- lined in the respective contracts. 34. The changes are contained in resolution 799, of September 2, 2019, which are available http://www.anp.gov.br/images/Pesquisa_ Desenvolvimento/Investimentos_PDI/Regulam- entacao_tecnica/resolucao-799-2019.pdf at: 63 63
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