Brazil's ANP Taps 47 Companies for 10th Concession Round

Brazil's National Petroleum Agency (ANP) has qualified 47 companies, the second-highest number ever, to participate in the country's 10th concession round for 130 exploration and production blocks, cites Jeff Fick of Dow Jones Newswires.

The license areas are located in seven onshore sedimentary basins and will not include any of the coveted offshore concessions in Brazil's promising cluster of subsalt basins, reported Fick.

According to the ANP, 52 companies applied for the round, out of which 30 Brazilian companies and 17 foreign companies qualified. Companies that made the ANP's list include Brazil's state-run Petrobras, local company OGX Petroleo e Gas Participacoes SA, U.S.-based Anadarko, Devon Energy and Hess, Angola's Sonangol and energy giant Royal Dutch Shell.

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