Regulatory News

A resolution from the National Energy Policy Council (CNPE), published in the Official Gazette on Friday (January 11) confirmed that the 11th bid round for oil and gas would be held by May. The auction will cover 121,200km² distributed over 172 blocks in 17 sectors.

No area located in the subsalt will be part of the round. Half of the blocks are in mature land basins and the other half are in the so-called new maritime boundaries. Most exploration areas are located in the north and northeast regions.

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