ANP Announces Schedule for New Open Acreage Round

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Last week, ANP released the schedule regarding the 1st Open Acreage Round under the production sharing regime That means, apart from the usual bonus to acquire the assets, companies will also have to share part of the oil production with the government.

According to the schedule, blocks that receive at least one declaration of interest will be announced on October 25th. Those blocks will then take part on the Public Presentation of Offers, on December 16th.

 Currently, 8 companies are registered to take part in the bid: bp, Shell, Chevron, CNODC, CNOOC, Petrobras, Petronas and TotalEnergies.

Petrobras, as usual, has a “right of preference” and already secured at least 30% of WI and operatorship from two blocks, Água Marinha and Norte de Brava. Recently, the block Ametista was the last one to be included in the bid, and Petrobras has yet to decide whether it will exert the right of preference or not.

With Ametista, the bid now has 12 blocks on offer across Campos and Santos, with signature bonuses ranging from BRL 7 million (Tupinambá) up to 511.7 million (Norte de Brava).

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