ANP: Round 8 Bidding Rules Aim to Increase Operators

Brazil's hydrocarbons regulator ANP has published definitive bidding rules for the November 28-29 8th exploration licensing round that aims for a higher number of operators in different blocks, ANP said in a statement.

Companies have until October 27 to confirm whether they are interested in bidding. Data packages that range in price from 15,000-150,000 reais (up to US$70,000) have been available to companies since August 30. ANP officials could not say how many companies have shown interest so far.

ANP has limited the number of winning bids to 3-4 per operator in each of the 14 sectors on offer. As such, a consortium that includes an operator can only bid for 3-4 blocks, the statement said.

ANP is offering 284 blocks with combined acreage of 101,600 sq km in seven sedimentary basins. The areas are likely to contain light crude and natural gas.

Brazil's government plans to continue yearly bidding rounds, local press quoted ANP director Haroldo Lima as saying.

Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
SharePoint Project Manager
Expertise: IT - Programming & Database|Project Management
Location: Houston, TX
 
Commercial Director - Terminals
Expertise: Business Development
Location: South Carolina, 
 
Asset Integrity Manager
Expertise: Asset Management|Project Management|QA / QC / Inspection
Location: Pasadena
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours