Regulatory News

The 11th bid round for oil and gas exploration areas, scheduled for the 14th and 15th of May, attracted 19 companies which have never participated in auctions in the country. These companies are part of a total of 71 that have sent documents to the National Petroleum Agency (ANP) to participate in the bid for 289 blocks.

The bidding will include areas throughout 11 sedimentary basins: Barreirinhas, Ceará, Espírito Santo, Foz do Amazonas, Pará-Maranhão, Parnaíba, Pernambuco-Paraíba, Potiguar, Recôncavo, Sergipe-Alagoas and Tucano Sul. Of the total blocks, 166 are located offshore, 94 deepwater blocks and 72 shallow water blocks and 123 blocks are located on land.

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