8/2/2012


Round 5 Guide

Minimum Exploration Program (Weigth 30)

TABLE 2
Comparison of Work Units (WU) for compliance with the
Minimum Exploration Program
Basin / Sector offered
Exploration Well
(WU/well)
2D Seismic (WU/km)
3D Seismic (WU/km²)
Potential methods
(WU/block)
Geochemistry

(WU/block)
Minimum Depth
Financial Guarantee
First Period (U$S/WU)
Barreirinhas
SBAR-AR2
1,000
0.16
0.80
0
0
Gr.
Canárias
6,000
Campos
SC-AR2
SC-AR3
1,000
0.16
0.80
0
0
Fm.
Macaé
6,000
Espírito Santo
(mar)
SES-AR1
SES-AR2
1,000
0.16
0.80
0
0
Fm.
Urucutuca
6,000
Foz do Amazonas
SFZA-AR1
SFZA-AR2
1,000
0.16
0.80
0
0
Fm.
Amapá
6,000
Santos
SS-AR3
SS-AR4
1,000
0.16
0.80
0
0
Fm.
Guarujá
6,000
Campos
SC-AP1
1,000
0.08
0.40
0
0
Fm.
Ubatuba/
Mb Tamoios
12,000
Pelotas
SP-AP3
1,000
0.08
0.40
0
0
Fm.
Imbé
12,000
Santos
SS-AP4
1,000
0.08
0.40
0
0
Fm.
Itajaí-açu
12,000
Jequitinhonha SJ-AP
1,000
0.08
0.40
0
0
Fm.
Urucutuca
12,000
Potiguar (terra)
SPOT-T2
SPOT-T3
SPOT-T4
SPOT-T5
1,000
10
50
10
10
Fm.
Açu
1,000
Recôncavo
SREC-T2
1,000
10
50
10
10
Gr.
Ilhas
1,000
Espírito Santo
(terra)
SES-T2
SES-T4
SES-T6
1,000
10
50
10
10
Fm.
Mariricu
1,000


Notes:

1. For compliance with the Minimum Exploration Program, the exploration work listed in this Table will be accepted, converted into Work Units by multiplying the performed physical values (exploration well unit, km of 2D seismic, km2 of 3D seismic, aeromagnetic, gravimetric and geochemistry surveys) by the value listed in the Table. Non-exclusive surveys authorized by the ANP will only be accepted in accordance with the conditions listed in section 2.1 of this Final Tender Protocol.

2. Extension wells will not be counted for the compliance with the Minimum Exploration Program.

3. For compliance with the Minimum Exploration Program, onshore gravimetric surveys will be accepted, with a maximum spacing of 100 meters between the data collection stations, and metric aeromagnetic surveys with a maximum spacing between flight lines of 100 meters which cover the entire area of the block. If the two surveys are performed 20 Work Units will be
credited.

4. For compliance with the Minimum Exploration Program, geochemistry surveys will be accepted, covering the entire block with a maximum spacing of 800 meters between sampling points with analysis of, at least, the free hydrocarbons content, detailing the concentration of gases and liquids detected.

5. In order to be considered for compliance with the Minimum Exploration Program, the wells must be drilled until they at least reach these lithostratigraphic objectives. However, the ANP may, at its sole discretion, accept other objectives with proven prospects.

6. The indicated values represent the Financial Guarantees values, by WU, for the Minimum Exploration Program of the First Exploration Period. To obtain the Financial Guarantee value of each block, the number of WUs of the Minimum Exploration Program must be multiplied by the value indicated in the Table. The values of the Financial Guarantees for the Second Exploration Period will be defined at the beginning of this Period, based on the costs applicable at that time.

This guide is only provided for general orientation of prospective participants of Brasil Round 5. Details on the qualification process must be obtained at the Final Tender Protocol.


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