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Brazil’s Oil and Gas Regulator (ANP) offer to interested oil companies

Brazil oil and gas

In the terms of the 4th article of Resolution CNPE nº17, released in 06/08/2017, the National Agency Of Oil, Natural Gas and Biofuel – ANP – has approved the Open Acreage Process of offering areas.

The process consists in the continuous offer of relinquished marginal oil fields (or in process of devolution) and exploration blocks offered in past bid rounds that were not awarded or which had been devolved to the Agency.

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On April 27, 2018, ANP presented the rules for participation and technical and economic requirements of the areas under Open Acreage process situation. On July 20, 2018, the first version of the tender protocol of the Open Acreage was published.

After disclosure of the areas under study and as the environmental guidelines of the areas are obtained, they will be included in the list of areas on offer by means of a Public Hearing for each set to be included.

Bidders who meet all the registration requirements established in section 4 of the Tender Protocol will have their application considered fit to be judged by the Bidding Special Commission (CEL). Once approved, registered bidders may show interest in any blocks or areas, provided that it has submitted an offer guarantee accompanied by a interest declaration.

The schedules of the Open Acreage Cycles will begin with the approval of one offer guarantee accompanied by an interest declaration presented by submitted bidder.

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