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Brazil approves bidding round picks

Written by  OE Staff Thursday, 09 November 2017 14:26

Brazil’s National Energy Policy Council has approved acreage to be offered in the 15thRound of Bids for Exploration, scheduled for 29 March, 2018, of the 15th Round of Bids for Exploratory Blocks, and the 4th Round of Bids for production sharing on 7 June 2018.

 

Seventy blocks will be offered in the 15th bidding round, including 49 in the Ceará, Potiguar, Sergipe-Alagoas, Campos and Santos basins, including two blocks adjacent to Saturn. Twenty-one blocks also are being offered in the terrestrial basins of Paraná and Parnaíba, Brazil’s National Agency of Petroleum, Natural Gas and Biofuels said in a statement today (9 November).

The 4th bidding round for production sharing contracts will offer the Três Marias, Dois Irmãos, Uirapuru, Saturno and Itaimbezinho blocks in the pre-salt Campos and Santos basins.

For offshore blocks, 18% will be the minimum required local content for exploration. For the macro-groups of the development stage the percentages will be: 25% for well construction; 40% for the Collection and Drainage System and 25% for the Stationary Production Unit.

Petrobras is expected to indicate its interest in acting as operator within 30 days after the publication of the council's resolution containing the technical and economic parameters of the areas to be offered in the 4th round.

Blocks in the Foz do Amazonas Basin will not be offered until 2019 to allow the completion of the ongoing environmental licensing process for the blocks awarded in the 11th Round. The offering of blocks in the Pernambuco-Paraíba Basin also will be delayed to 2019, when more technical data will be available.

Petrobras and Shell were winners in the second and third production sharing rounds for pre-salt held last month. The 2nd round generated approximately US$1.05 billion (BRL 3.3 billion) in signature bonuses and US$93.4 million (BRL 304 million) in planned investments. ANP said the 3rd pre-salt round generated generated around US$876 million (BLR 2.85 billion) in signature bonuses and will bring in about US$140 million (BRL 456 million) in investments.

In late September, Brazil experienced a historic day with its 14thround, in which Petrobras and ExxonMobil jointly signed a US$701 million (R$2.24 billion) bonus, the largest to date for a Campos Basin block.

Photo: Members of National Energy Policy Council. Source: ANP

Read more:

Shell, Petrobras lead pre-salt auctions

Brazil sees success in 14th round

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