Table of contents Introduction Eduardo Pereira Petra Energia 5 The general principles of Brazilian law Marcelo Viveiros de Moura Décio Pio Borges de Castro Pinheiro Neto Advogados 9 Governmental authorities: the CNPE, the Ministry of Mines and Energy and the ANP Andrea Falcão Lawyer 27 Brazilian players: Petrobras, NOC, IOCs and independents Felipe Feres Luiz Antonio Lemos Luis Antonio Menezes Marcelo Romanelli Campos Mello Advogados 39 Concessions and the licence regime 57 Daniela Ribeiro Davila Vieira, Rezende, Barbosa e Guerreiro Advogados The new petroleum regime Felipe Feres Luiz Antonio Lemos Luis Antonio Menezes Marcelo Romanelli Campos Mello Advogados 73 Joint ventures José Virgilio Lopes Enei Leonardo Miranda Machado, Meyer, Sendacz e Opice Advogados 83 Transport and thirdparty access Felipe Feres Luiz Antonio Lemos Luis Antonio Menezes Marcelo Romanelli Campos Mello Advogados 99 Environment 113 Jorge Tuffi P D Cassab Elina Cunha Maria Christina M Gueorguiev Werner Grau Neto Pinheiro Neto Advogados Tax Camila Galvão Anderi Silva Fernando Tonanni Machado, Meyer, Sendacz e Opice Advogados 119 Decommissioning Eduardo Pereira Petra Energia 145 Finance, part I Luiz Claudio Campos Ernst & Young Terco 169 Finance, part II Andrew Duncan Bank of America Merrill Lynch 187 Law and jurisdiction Ludmilla Corkey Luis Cláudio Furtado Faria Marcelo Viveiros de Moura Pinheiro Neto Advogados 209 About the authors 229