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Investor Presentaiton

52 529 YEARBOOK OF THE OIL AND NATURAL GAS INDUSTRY IN ESPÍRITO SANTO 2022 CHAPTER 3 | ECONOMIC REFLECTIONS Regarding imported products, the oil and natural gas industry of Es- pírito Santo imported USD 130.5 million in 2022, 4.2% lower than in the previous year. The total im- ported by the sector in the state represented 0.2% of the sector's Table 5 - Exports of the O&G sector in Espírito Santo (USD million) external purchases in the country and 1.4% of the state's total exter- nal purchases (table 6). The main prominent segments are imports of petrochemical products, especially organic chemicals and thermoset- ting resins. Petrochemical Products Total exported Oil and Natural Gas Period Coke and petroleum products Total ES 2010 900.9 2011 1,512.3 % ES/BR 3.6% 4.5% Total ES % ES/BR Total ES % ES/BR Total ES % ES/BR 899.2 5.5% 0.0 0.0% 1.7 0.0% 1,510.6 7.0% 0.0 0.0% 1.7 0.0% 2012 1,322.8 4.0% 1,322.3 6.5% 0.0 0.0% 0.5 0.0% 2013 933.8 3.8% 931.6 7.2% 0.0 0.0% 2.1 0.0% 2014 2,006.4 7.4% 2,000.7 12.2% 0.0 0.0% 5.7 0.1% 2015 1,130.7 5.9% 1,128.5 9.6% 0.1 0.0% 2.1 0.0% 2016 466.7 2.8% 465.1 4.6% 0.0 0.0% 1.6 0.0% 2017 924.2 3.8% 919.9 5.5% 0.0 0.0% 4.4 0.1% 2018 1,004.2 2.9% 960.0 3.8% 38.5 0.9% 5.7 0.1% 2019 1,075.0 3.1% 1,014.5 4.2% 58.8 1.0% 1.7 0.0% 2020 599.0 2.1% 566.9 2.9% 30.4 0.6% 1.7 0.0% 2021 1,002.5 2.3% 988.3 3.2% 11.9 0.2% 2.3 0.0% 2022 1,042.5 1.7% 970.4 2.3% 70.8 0.5% 1.4 0.0% Source: Ministry of Development, Industry, Commerce and Services | Elaboration: Industry Observatory/Findes Table 6-Imports from the O&G sector in Espírito Santo (USD million) Period Total imported Total ES % ES/BR Oil and Natural Gas Total ES % ES/BR Coke and petroleum products Petrochemical Products Total ES % ES/BR Total ES % ES/BR 2010 374.1 1.0% 0.0 0.0% 46.3 0.4% 327.8 2.6% 2011 421.0 0.8% 0.0 0.0% 17.1 0.1% 403.9 2.8% 2012 405.0 0.8% 0.0 0.0% 34.6 0.2% 370.4 2.6% 2013 281.6 0.5% 0.0 0.0% 37.8 0.2% 243.8 1.6% 2014 256.3 0.4% 0.0 0.0% 35.5 0.2% 220.8 1.4% 2015 271.4 0.8% 0.0 0.0% 67.0 0.7% 204.3 1.6% 2016 160.0 0.7% 0.0 0.0% 33.8 0.4% 126.2 1.2% 2017 175.5 0.6% 0.0 0.0% 81.1 0.6% 94.4 0.8% 2018 164.1 0.5% 0.0 0.0% 46.3 0.3% 117.8 0.8% 2019 166.1 0.5% 0.0 0.0% 51.6 0.4% 114.4 0.8% 2020 174.9 0.7% 0.0 0.0% 85.6 1.0% 89.2 0.7% 2021 136.2 0.3% 0.0 0.0% 30.4 0.2% 105.9 0.6% 2022 130.5 0.2% 0.0 0.0% 22.5 0.1% 107.9 0.5% Source: Ministry of Development, Industry, Commerce and Services | Elaboration: Industry Observatory/Findes 3.4. Research, Development and Innovation (ANP RD&I Clause) Signed in the oil and natural gas exploration and production con- tracts, the RD&I clause estab- lishes that oil companies must carry out expenses qualified as research and development in an amount corresponding to 1% (one percent) of the gross reve- nue from the production of the fields that pay Special Participa- tion. The amounts generated are invested in RD&I projects that can be executed by the oil com- pany itself, by Brazilian Compa- nies or by accredited institutions throughout the country 10. Between 1998 and June 2022, the RD&I clause generated in Brazil approximately BRL 24.5 billion in bond volume, with Petrobras responsible for BRL 20.6 billion (84.2%). In 2021, the amount generated in obligations under the clause was BRL 3.03 billion, an increase of 107.6% compared to the same period of the previous year. The increase in resources in the period can be explained by the increase in production in areas of high pro- ductivity, notably in areas that pay special participations, in ad- dition to the appreciation of the price of a barrel of oil in the pe- riod. Regarding the number of proj- ects, between 1998 and June 2022, 13,013 projects were de- veloped in Brazil financed with funds from the obligations gen- erated by the clause. In 2021, the total number of projects fi- nanced by the clause was 805, an increase of 352.2% compared to 2020. In Espírito Santo, between 2000 and June 2022, 94 projects fi- nanced with funds from the obli- gations generated by the clause were developed. Of these proj- ects, 91 were executed, or are being executed, by UFES, 1 proj- ect by IFES, 1 project by Facul- dade do Centro Leste (UCL) and 1 project by the company Mogai Tecnologia de Informação S.A. (graphic 28). The projects devel- oped in Espírito Santo covered the areas of supply research, ex- ploration and production, natural gas and cross-cutting themes. 10. In previous editions of the Yearbook of the Oil and Natural Gas Industry in Espírito Santo, the legal and regulatory system pertinent to the RD&I clause was presented and analyzed. BRL 24.5 billion were generated by the RD&I clause for research throughout Brazil between 1998 and 2002 13,013 was the total of research projects funded by the RD&I clause throughout Brazil between 1998 and 2002 94 was the total of research projects funded by the RD&I clause in Espírito Santo between 2000 and June 2022 593
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