CCUS for Oil & Gas Companies operating in Brazil

The course explains all major commercial and regulatory aspects of the CCUS business model from the perspective of an integrated petroleum company. It will equip participants with the knowledge of international developments for CCUS projects and will be very useful to professionals focused on Brazil in the context of the roll out of CCUS regulations, including the licencing regime. It will provide information about the fiscal incentives and other policies applied to CCUS in other countries as evidence for the need of a similar approach in Brazil, and introduction of CCUS-specific provisions into fiscal terms for concessions and production sharing contracts. The course will discuss the potential approaches towards the role of CCUS in the Brazil’s implementation of the carbon pricing system, based on international experiences.

The course will explain how CCUS projects can be financed, how they can be monetized and what countries are doing to regulate and support the CCUS deployment. All of the existing support measures and policies directions will be covered. The course will discuss all of the major issues and policies for integration of CCUS into petroleum operations. It will help identify the matters which will need to be addressed in Brazil, such as relations between petroleum operations and CCUS, fiscal provisions for petroleum taxation (cost recovery in PSCs, tax deductibility for tax and special taxes, provisions for decommissioning and post-closure activities), integration of CCUS projects into Brazil’s cap-and-trade system, potential support measures for CCUS, how CO2 services to third parties should be integrated under the petroleum taxation, CCUS licencing regime, and many other issues.The utilization of captured CO2 will cover all key applications with particular focus on the low-carbon hydrogen projects and the use in CO2 in enhanced oil and gas recovery.