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Legal Update

Brazil: CNPE Authorizes Studies for New Bidding Rounds

17 October 2016
Tauil & Chequer Legal Update

On October 13, 2016, the National Council of Energy Policy – CNPE published Resolution No. 5, authorizing the National Agency of Petroleum, Natural Gas and Biofuels - ANP to conduct studies on the holding of the 14th Bidding Round with blocks for exploration and production of oil and gas and the 2nd Production Sharing Bidding Round (involving areas subject to unitization in the Pre-Salt Polygon Region).

The studies of the blocks to be offered in the 14th Bidding Round are focused on 27 sectors, located within 4 offshore basins (Sergipe-Alagoas, Espírito Santo, Santos and Pelotas) and 6 onshore basins (Parnaíba, Paraná, Potiguar, Recôncavo, Sergipe-Alagoas and Espírito Santo).

The prospect areas of Carcará, Gato do Mato and the Sapinhoá Field, in the Santos Basin, and the Tartaruga Verde Field, in the Campos Basil, will be included in the 2nd Production Sharing Bidding Round.

The maps of the areas where the studies have been authorized are already available on ANP’s website (Brasil Rounds), as indicated below.

Sectors under study for the 14th Bidding Round:

Areas under study for the 2nd Production Sharing Bidding Round:

As soon as ANP provides more information on the studies for the 14th Bidding Round and the 2nd Production Sharing Bidding Round, including their confirmation and release of the Tender Protocol and the Schedule, new information will be provided through our Legal Updates.


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