"stands out for his excellent knowledge of the sector's regulatory framework," according to one source, who adds: "He is always available and very committed. He is an excellent lawyer dealing with oil and gas transactions."
Chambers Latin America

Overview

Bruno Triani Belchior is partner of Tauil & Chequer Advogados at the Rio de Janeiro office. He is a member of the Corporate & Securities and M&A practice groups and focuses on advising domestic and foreign oil and gas companies in connection with project developments, M&A’s and business transactions in Brazil, Latin America and West Africa. He has extensive experience in dealing with the formation of JVs, project finances, bid processes and related regulatory issues involving host government E&P contracts, as well as in connection with the structuring, documentation, and negotiation of oil and gas/energy transactions that range from host government arrangements, farm-in/farm-out, joint operating agreements, and mergers and acquisitions to the review and negotiation of master services agreements on both operator and oil field services provider sides, and a variety of the most typical agreements in the industry. Currently, Bruno is advising international oil companies with their participation in the Bid Rounds in Brazil (both Concession and PSA), as well as assisting clients in project developments and M&A transactions, including those involving the Petrobras divestment.

Areas of Focus

Industries
Key Issues
Regional Capabilities

Spoken Languages

  • English
  • Portuguese
  • Spanish

Experience

Bruno has represented numerous energy companies in a wide range of projects.  His distinguished clients and engagements have included:

M&A Transactions and Projects

  • Represented Total S.A. in the acquisition of approximately US$ 2.2 billion in assets from Petrobras’ divestment plan. The transaction involved assignment of participating interest in Iara and Lapa pre-salt fields (Santos Basin) from Petrobras to Total; option of assignment of participation in Perdido Foldbelt (Gulf of Mexico) from Total to Petrobras; sharing of capacity of Petrobras’ regasification terminal; and acquisition of equity participation by Total in Rômulo de Almeida and Celso Furtado power plants (Bahia).
  • Represented the Thai NOC in the acquisition of supermajor assets in deepwater offshore Brazil
  • Represented a leading European bank in a reserve-based lending facility for Central Resources in Brazil
  • Represented a supermajor in the acquisition of E&P assets in Brazil from a leading independent oil and gas company
  • Represented a major Latin America NOC in several farm-in transactions in Brazil
  • Represented a supermajor in the acquisition of 4 E&P licenses in the Equatorial Margin, Brazil
  • Represented a leading Korean energy company in a US$2.4 billion sale of its Brazilian assets to a global oil and gas company
  • Represented an international oil and gas exploration and production company in the sale of a production asset in Campos Basin, Brazil
  • Represented an international oil and gas exploration and production company in the acquisition of a 20% participating interest in an Offshore Block in the Campos Basin, Brazil
  • Represented a Spanish oil and gas company in connection with the due diligence and review of corporate acquisition documents for the purchase of a participating interest in an oil & gas concession in Brazil
  • Represented one of the largest international oil and natural gas service provider in the acquisition of a petroleum services’ company in Brazil
  • Represented several oil and gas companies (E&P and oilfield service providers) in the start-up process in Brazil, including negotiation, analysis and “tropicalization” of model forms, negotiation of several agreements, personnel hiring and other relevant matters
  • Represented the subsidiary of the Angolan NOC in the acquisition of Brazilian independent oil and gas company, valued at approximately USD300 million
  • Represented an oilfield service company in connection with FCPA matters and due diligence in Brazil
  • Represented oilfield service companies in connection with bid proceedings in Argentina, Mexico and Ecuador
  • Represented a supermajor in connection with PSA matters in Uruguay
  • Represented a major Latin American NOC in the acquisition of 10% participating interest in two Blocks (PSAs), in the Kwanza Basin, Angola
  • Represented the Angolan NOC in the Angola LNG Project with investments valued at more than USD10 billion
  • Represented an international oil and gas exploration and production company in the negotiation of PSAs and JOAs in Angola.
  • Represented the Angolan NOC in the acquisition of the refinery of Luanda plus exploration and production assets in the amount of USD1.3 billion

Regulatory Deals

  • Represented a major Latin American NOC in connection with the 1st Pre-Salt Round in Brazil
  • Represented a Brazilian independent oil and gas E&P company in connection with regulatory issues related to the acquisition of another Brazilian independent oil and gas E&P, case in which, for the first time, ANP accepted the return of Performance Guarantees from qualified Operators
  • Represented a private equity investment firm in an acquisition that involved a specific regulatory issue regarding change to control under Concession Contracts in Brazil
  • Represented a supermajor in connection with a leading unitization case involving two concessions that straddle into an open acreage (pre-salt) in Brazil
  • Represented a supermajor in connection with Dodd-Frank Act matters in Brazil
  • Represented a supermajor in connection with regulatory issues in Venezuela
  • Represented several national and international oil and gas exploration and production companies in connection with the qualification and bidding for exploratory blocks in ANP Bid Rounds
  • Represented a major Latin American NOC in connection with the qualification and bidding for exploratory blocks in ANP Bid Rounds 8, 9, 10 and 11, including the qualification of its subsidiary in Brazil for the signature of relevant Concession Contracts
  • Represented a leading agribusiness, sugar and bioenergy company in connection with corporate and regulatory matters involving the construction of 2 Biodiesel Plants in Brazil
  • Represented a leading agribusiness, sugar and bioenergy company in connection with several regulatory matters in Brazil
  • Represented a leading agribusiness, sugar and bioenergy company in connection with the construction of multi-fuel terminal in Brazil
  • Represented the Angola government on OPEC matters
  • Represented the Angola government in drafting the Biofuels Bill
  • Represented the Angola government in drafting the Downstream Bill
  • Represented an Angolan oil and gas company with drafting Decree-law regarding amendments to the profit oil shares to Angolan Companies

In-House Experience

  • Seconded to a supermajor as in-house counsel from 2011 to 2012
  • Seconded to a top-tier oilfield service company as in-house counsel during 2008

Education

University of California, Berkeley School of Law, LLM, Corporate Law/Business Law Certificate

Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Bachelor of Law (JD equivalent)

Admissions

Bar

  • Brazil

Memberships

  • Member, Association of International Petroleum Negotiators (AIPN)
  • Member, Britcham
  • "Bruno Belchior, who earns glowing plaudits from one client for his “timely responses, availability, technical understanding and good human relationship." Latin Lawyer 250 2018 - Energy
  • "He stands out for his knowledge of the biofuel market and the positive client relationships he develops." Chambers Latin America
  • "He is a proactive lawyer who has obtained favourable results for our company." Chambers Latin America