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Oil auction in Brazil has 23 companies registered

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Staff writer ▼ | August 6, 2015
Oil Brazil
Energy business   266 oil blocs in ten basins

The 13th round of biddings of the National Agency for Petroleum, Natural Gas and Biofuels (ANP) has 24 companies interested. From these, 23 already paid the fee to participate in the auctions, according to ANP’s director José Gutman.

“We have been receiving good signals, such as having 24 companies expressing interest and 23 that already paid the fee”, said the director. He took part of the Technical-Environmental Seminar in Rio de Janeiro.

The deadline for the interested companies to pay the fee is August 11, and those already registered have until September 23 to present guarantees for the offer. The public presentation of the biddings to buy the blocs will be on October 7 and the signing of the concession contracts is scheduled to December 23.

For the director, the price of the oil barrel, which is costing around $50, won’t negatively impact the round: “The companies that are in the business anticipate long term”.

In all, the 13th round will offer 266 blocs in ten basins at sea or land in the North, Northeast, South and Southeast of the country. The blocs are being offered for exploring, which is the confirmation of the presence of oil viable for production.

When viability is confirmed, the companies can then start to produce. Otherwise, the blocs will be returned to ANP.


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