ANP Director Wants to See Campos Basin in Round 9
Brazil's government needs to include the Campos basin in next year's ninth licensing round in order to sustain the rate of new discoveries, local press quoted Haroldo Lima, the head of hydrocarbons regulator ANP as saying.
Sustaining the rate of new discoveries is essential for the country's self-sufficiency in oil past 2010, papers quoted Lima as saying.
The government decided not to offer exploration blocks in the Campos basin in late November's eighth round, aiming instead to encourage investments in less mature basins such as Espirito Santo to Campos' north and Santos to its south.
Campos is Brazil's most prolific oil district, accounting for more than 80% of the country's average output of 1.8 million barrels a day. There is still great potential for new discoveries in Campos, according to Lima.
Brazil's energy planning council CNPE decides on which properties go in the licensing rounds.
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