Regulatory News

The National Petroleum Agency (ANP) 12th bid round, scheduled for November, will auction off about 250 blocks. Claudia Rabello, superintendent of promotions and procurement for regulatory agency, made the announcement. Areas with natural gas exploration potential in onshore basins including Acre, Paraná, Sergipe-Alagoas, Parnaíba, Reconcavo and San Francisco will be up for the bidding process.

This is the third auction of the year. The first was the 11th round in May. The first auction for the subsalt layer under the new sharing rule will take place with the Libra reservoir, in the Santos Basin.

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