Regulatory News

Engineer Magda Chambriard was appointed by President Rousseff as the new general director of the National Petroleum Agency (ANP). She takes the place of Haroldo Lima, who spent eight years in office, announcing changes in order to make the agency more agile.

The new director plans to hire employees based on the results of an exam to be given to applicants in order to improve the agency’s inspection department. Currently, for rig operations, for example, there are only ten inspectors. The idea is to more than double that number.

The 11th round of bidding for oil exploration areas is another urgent measure, according to Magda. However, the federal government will set a date for the auction only after Congress passes the Oil Law, which is still under discussion because of a deadlock over the division of royalties.

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