Law No. 12,276/2010 on the transfer to Petróleo Brasileiro SA the exercise of the activities of research and extraction of oil, natural gas and other fluid hydrocarbons

The Law emphasises the “onerous assignment regime", that transfer for a fee the exercise of research and extraction activities for oil, natural gas and other fluid hydrocarbons to its state-owned enterprise Petróleo Brasileiro SA - PETROBRAS in non-granted areas located in the pre-salt layer.

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