At the end of 2019, Brazil realized an enormous offshore premium assets under the ‘Transfer of Rights’ (TOR) regime. It was a key milestone that later set in motion the largest oil bidding round in history, according to the Brazilian authorities. TOR is a regime that deviates from the general rule of holding bids prior to the granting of oil & natural gas E&P rights. No legal dispositive was able to predict the possibility which impose Brazilian government design an innovative portfolio of regulations in order to achieve high productivity and profitability. A new regulatory framework was created to support the decision makers. Transference of Rights Surplus came to lead with surplus volume bidding rounds. Future biddings will take place at another level of institutional maturity to deal with the situation, and takes advantage of the learning and tools already developed. It is expected that the changes being discussed will bring attractiveness to the offer of the areas in the current scenario.

中文翻译：

---

审查剩余权利转让——巴西案例

2019 年底，巴西在“权利转让”（TOR）制度下实现了巨大的离岸溢价资产。据巴西当局称，这是一个重要的里程碑，后来启动了历史上最大的一轮石油招标。TOR 是一种偏离在授予石油和天然气勘探与生产权之前进行投标的一般规则的制度。没有任何法律决定能够预测强制巴西政府设计创新的法规组合以实现高生产率和盈利能力的可能性。创建了一个新的监管框架来支持决策者。剩余权利的转让以剩余数量的招标轮次领先。未来的招标将在另一个机构成熟度级别进行，以应对这种情况，并利用已经开发的学习和工具。预计正在讨论的变化将为当前情景中的区域提供吸引力。