
Petrobras oil platform P67 (R) is seen in 2018 at the Guanabara Bay in front of the Sugar Loaf hill prior to its departure for the Santos presalt oil field. (Source: Shutterstock.com)
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.
RELATED:
Petrobras Eyes Addition of 14 FPSOs by 2026
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.
Recommended Reading
Hirs: Expansive Energy Policies Set to Shape 2025 Markets
2025-01-02 - The incoming administration’s policies on sanctions, tariffs, regulations and deportations will impact the oil and gas industry.
Belcher: Trump’s Policies Could Impact Global Energy Markets
2025-01-24 - At their worst, Trump’s new energy policies could restrict the movement of global commerce and at their best increase interest rates and costs.
Trump Axes Chevron's Venezuela Oil License, Citing Lack of Electoral Reforms
2025-02-26 - U.S. President Donald Trump on Feb. 26 said he was reversing a license given to Chevron to operate in Venezuela.
Pickering Prognosticates 2025 Political Winds and Shale M&A
2025-01-14 - For oil and gas, big M&A deals will probably encounter less resistance, tariffs could be a threat and the industry will likely shrug off “drill, baby, drill” entreaties.
Enterprise Products Considering Moving On from SPOT
2025-02-05 - Permitting delays and challenges finding customers have put the future of Enterprise Product Partners’ Seaport Oil Terminal Project in doubt.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.