ANP wants to attract funds for rounds of oil and gas areas in Brazil

The National Petroleum, Natural Gas and Biofuels Agency (ANP) is considering improving the contracts for the three large rounds of oil and gas exploration blocks planned for this year, in order to attract investors different from those currently found in the country, such as Investment Funds.

“We want to reduce the obstacles for investment funds to participate,” said the ANP director general, Décio Oddone, who spoke to journalists in the international press in Rio de Janeiro.

The ANP projects that the two rounds of the pre-salt, under a production sharing regime, will occur in the second half of the year, as well as the 14th Round of Exploratory Blocks of oil and gas under concession regime.

Without elaborating, the director-general said the contracts will make it clearer for financial agents to participate, with improvements in the guarantees, technical capacity and documentation required for participation.

The agency will accompany government officials on a road show to present the rounds between May and June in the United States, the United Kingdom, China, the United Arab Emirates, Singapore and Australia. The presentations will begin shortly after the OTC conference in Houston, one of the largest in the world oil sector, in early May.

Oddone also pointed out that it is a desire of ANP that there be Asian companies with great financial capacity, with an interest in becoming operators of areas in Brazil.

For him, the areas to be offered this year are quite attractive and the bids occur while the oil sector in Brazil lives the biggest opening of its history.

The announcement of the 14th Round must be published in mid-May, according to the director general of the ANP.

The edicts of the two rounds of the pre-salt still depend on the regulation of the preemptive rights of Petrobras.

Only after this definition, the government may release the ANP to carry out the necessary procedures for the bidding of the areas.

Earlier, the government said it was seeking to pre-empt one of the pre-salt rounds in June.

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