Examining transfer of rights surplus—Brazilian case

نویسندگان

چکیده

ABSTRACT At the end of 2019, Brazil realized an enormous offshore premium assets under ‘Transfer Rights’ (TOR) regime. It was a key milestone that later set in motion largest oil bidding round history, according to Brazilian authorities. TOR is regime deviates from general rule holding bids prior granting & natural gas E&P rights. No legal dispositive able predict possibility which impose government design innovative portfolio regulations order achieve high productivity and profitability. A new regulatory framework created support decision makers. Transference Rights Surplus came lead with surplus volume rounds. Future biddings will take place at another level institutional maturity deal situation, takes advantage learning tools already developed. expected changes being discussed bring attractiveness offer areas current scenario.

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ژورنال

عنوان ژورنال: The Journal of World Energy Law & Business

سال: 2021

ISSN: ['1754-9957', '1754-9965']

DOI: https://doi.org/10.1093/jwelb/jwab014