Offshore Activity

Chevron and ExxonMobil suggest changes in pre-salt round bidding

 

US-based Chevron and ExxonMobil are among the oil companies monitoring business opportunities in the second and third rounds of pre-salt sharing scheduled for October 27. The two companies were the only multinationals in the industry to submit individual proposals for changes to the bidding document and contract model of bidding processes during the public consultation.

One of Chevron’s main contributions was the expansion of the exploratory period. The company suggests that the deadline for completion of the exploration cycle for the 3rd round areas should be extended from six to seven years.

The oil company also made specific suggestions for some of the assets of the second round. The proposal is that the exploratory term of the adjacent areas of Carcará and Gato do Mato, in the Santos Basin, be extended from three to four years.

“It must be considered that despite the discovery, the winning bidder will need more time to carry out its internal studies, in addition to environmental licensing to carry out the exploratory activities,” says the proposal sent by Chevron.

 

Categories: Offshore Activity

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s