Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) recently scheduled the opening of a permanent bid round that will cover 11 blocks located offshore in the Campos and Santos basins in the presalt polygon.
Regular bid rounds organized by ANP aim to attract foreign direct investment to Brazil’s oil and gas sectors to boost production to cover domestic consumption and reduce costly imports. Beyond demand in the domestic market, Brazil continues to pursue plans to further boost oil, gas and product exports.
The latest bid round will offer offshore oil and gas exploration blocks under a production-sharing regime, according to details published by ANP in Brazil’s Official Gazette on Aug. 17.
Seven blocks are on offer in the Santos Basin including Agata, Bumerangue, Cruzeiro do Sul, Esmeralda, Jade, Sudoeste Sagitario and Tupinamba. Four blocks are also on offer in the Campos Basin including Agua Marinha, Itaimbezinho, Norte de Brava and Turmalina, according to the ANP.
Brazil’s state oil and gas producer Petrobras has expressed interest to act as operator of the Agua Marinha and Norte de Brava blocks with a minimum 30% participation in each, the ANP said. The group added that Shell Brasil Petróleo Ltda. has been qualified as an A+ operator.
The ANP has established an Aug. 24 deadline for companies to complete registration forms, deliver documents and pay associated participation fees. According to the schedule, the public session for the presentation of the offers will be on Dec. 16.
2022-12-09 - The annual supplier recognition award is based on performance, service quality and responsiveness.
2022-12-09 - Chevron’s Permian spending represents over $4 billion, “remaining by far the most important asset in Chevron’s portfolio,” an analyst said.
2022-12-09 - Cary Marshall will succeed CFO Brian Cantrell as he moves into retirement in early 2023.
2022-12-09 - Today's featured Forty Under 40 honoree is Riki Meier, who serves as director of operations at Cornerstone Acquisition & Management Co. in San Diego, Calif.
2022-12-08 - Exxon Mobil is also expanding its share program to $50 billion through 2024 from its previous $30 billion goal.