ANP Launches Pre-Bid Invitation And Draft Concession Agreement For 4th Marginal Fields Bid Round

On September 29th, ANP launched the pre-bid invitation and draft concession agreement for the 4th Marginal Fields Bid Round. The bid round is scheduled to occur on March 24th, 2017 and the areas offered are: Garça Branca, Rio Doce, Rio Mariricu (in the Espírito Santo Basin), Iraúna, Noroeste do Morro Rosado, Urutau (Potiguar Basin), Araçás Leste, Itaparica, Jacumirim and Vale do Quiricó (Recôncavo Basin). These areas are located in mature basins, offering opportunities for small- and medium-sized oil companies. Three (3) pre selected areas by ANP (Riacho Alazão, Conceição da Barra e Fazenda Sori) were not offered for technical and environmental issues.

The pre-bid invitation and draft concession agreement...