ANP Announces The 13th Bidding Round Or Exploration Of Oil And Gas In Brazil

The Brazilian National Council of Energy Policy (CNPE) recently authorized the 13th Bidding Round for Brazilian oil and gas resources. The Round includes 266 exploratory blocks, both onshore and offshore, and are distributed throughout 10 sedimentary basins - the Amazon, Parnaíba, Potiguar, Recôncavo, Sergipe-Alagoas, Jacuípe, Camamu-Almada, Espírito Santo, Campos, and Pelotas.

On June 12, 2015, The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) published the preliminary tender protocol and the draft of the concession agreement for the 13th Bidding Round. A public hearing is scheduled on July 9, 2015 which may result in revisions to the preliminary tender protocol and the draft of the concession agreement. The final tender protocol and another draft of the concession agreement are scheduled for publication on August 6, 2015.

The bids for the 13th Bidding Round are scheduled to take place on October 7, 2015 and the...