The ANP board of directors on 23 August 2018 approved a new development plan for the Marlim Leste Field in the Campos Basin. Included in the approved plan was extending the production phase of the contract until 2052. The ANP also established guidelines for Petrobras as the operator of the field. The guidelines include: that the operator should carry out actions and investments to guarantee the maintenance and improvement of operational efficiency of the installations throughout the contract period. Maintain the injection of water into the reservoirs that have this secondary recovery method to maintain reservoir pressure. Conduct periodic studies on the obsolescence of critical equipment and the automation system, analysis of the adequacy of the security philosophy, extension of the life of the facilities and integrity of the platform. Direct investments for technical feasibility studies and projects for the implementation of improved recovery methods. Intensify the application of new technologies and methods for seismic monitoring of reservoirs. If Petrobras fails to adequately implement the development plan per CNPE Resolution 02/2016 and does not fully comply with the investment and production commitments after review by the ANP, proceeding can be started by the ANP to revoke the extension. Petrobras announced its expectation to finish negotiations in 2018 with the ANP for contract extensions for many of its major Round Zero fields in the Campos Basin. Some of the included fields were Albacora Leste, Marlim Sul, Marlim Leste, Roncador, Barracuda and Caratinga. The contract extensions are critical for Petrobras to continue investing in the Campos Basin, which still accounts for almost half of the Petrobras production. Petrobras currently is conducting 91 projects to boost the recovery factor in the Campos and between 2018 and 2022, the company is expected to invest US $ 18.9 billion and install four new FPSOs there. The Round Zero contracts were signed on 6 August 1998 and the production phase ends on that date in 2025. The ANP is advancing the negotiations with Petrobras on these fields since they require investments to develop production beyond 2025 and failure to extend the contracts would lead to declines in both investment, production and recovery factors for these important fields. 
Brazil, Marlim