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.

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