Espirito Santo Oil & Natural Gas Yearbook 2021 slide image

Espirito Santo Oil & Natural Gas Yearbook 2021

64 ESPÍRITO SANTO OIL & NATURAL GAS YEARBOOK | 2021 CAPÍTULO 4| RESEARCH, DEVELOPMENT AND INNOVATION 65 55 Figure 2- Regulatory Time Line of RD&I Projects Research, Development, and Innovation Projects (RD&I) started receiving the resources provided in the oil, and natural gas exploration and production contracts in 1998 1998 The regulation was replaced by ANP Resolution 50/2015 and ANP Technical Regulation 3/2015 and it sets forth the definitions, guidelines and standards for the investment of resources as well as the rules for proving the activi- ties have been performed. 2015 By 2020, no company in Espirito Santo had developed a research, development and inno- vation project with the resources under the RD&I Clause In 2021 Mogai Tecnologia Started a project with re- sources from the clause as the executing company. 2021 Approval of ANP Resolution 866 of February 11, 2022, amending ANP Technical Regulation 3 of 2015, which addresses the rules for investment of the resources. 2022 The RD&I Clause Source: ANP | Prepared by: Ideies/Findes 2005 The application of the resources provided in the RD&I clauses was originally regulated by Resolu- tion 33/20005 and the respective Technical Reg- ulation 5/2005 2019 ANP Technical Regulation 3/2015 (standards for application of resources) was improved by ANP Resolu- tion 799/2019 And ANP Technical Regulation 7/2012 (accreditation of institutions) was improved by ANP Resolution 775/2019 The revisions of the regulations expanded the possibilities of operations by research institutions, encourag- ing the execution of projects in partnership between universities and companies. 2022 In February 2022, the ANP approved the resolution that improves the rules for the application of RD&I resources The new version of the resolution proposes grea- ter clarity on the eligibility of RD&I projects relative to renewable energies and the energy transition, including de-carbonization, CO2 cap- ture and characterization and environmental protec- tion studies. 4.2. Obligations created by the RD&I clause in Brazil Between 1998 and June 2021, the RD&I clause generated in Brazil approximately R$ 20.0 billion in volume of obligations, where Petro- bras was responsible for R$ 17.3 billion (86.1%). In 2020 (the last year with information available for the 12 months), the amount generated in obligations under the clause was R$ 1.46 billion, a 24.4% decrease compared to 2019. Petrobras' relative share compared to other oil companies in 2020 was 72.6%. Despite this result repre- senting a concentration, there is an increase in the participation of oth- er companies, which was 16.6% in 2015 and rose to 27.4% in 2020. R$ 1.47 billion Reais have been generated in obligations in connection with the RD&I Clause in 2020, a 24.4% drop relative to 2019
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