ANP to Offer 101,596 sq km in Round 8, Campos Excluded
Brazil's national hydrocarbons regulator ANP will offer 284 blocks covering 101,596 sq km in the 8th hydrocarbon exploration licensing round on November 28, ANP said in a statement.
The area is about half the 200,000 sq km offered in 2005 and a quarter of what ANP initially proposed to the national energy planning council CNPE last month.
The blocks are located in seven sedimentary basins and will include onshore and offshore areas, both new and mature. ANP also will offer 35 blocks likely to contain hydrocarbons in the Santos basin, ANP said.
Two hundred new frontier blocks will be in the northeastern basins of Barreirinhas, Para-Maranhao, Sergipe-Alagoas and Tucano plus the southeastern basins of Santos and Espirito Santo and the southern basin of Pelotas. ANP will offer 49 onshore blocks in Sergipe-Alagoas.
ANP decided not offer blocks in the Campos basin for the first time since competitive auctions of exploration concessions started in 2000. Campos accounts for more than 80% of Brazil's output, which averages 1.8 million barrels of oil a day.
The decision to exclude Campos confirms government strategy to expand oil E&P to other regions.
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