Decree authorizes ANP to include all land blocks on the Permanent Offer

1/2/19

The oil and gas regulator said on Friday (28) that all land areas for exploration, including new blocks, will be offered to the market in Brazil through a permanent offer, with no more conventional concession auction for areas onshore.

The decree comes after the federal government delegated the regulatory agency the definition of blocks in onshore basins to be tendered under a concession regime in the Permanent Offer, according to a publication in the Official Gazette on Friday.

Until then, a resolution of the CNPE (National Council of Energy Policy) only authorized the inclusion of areas returned or already bid in the Permanent Offer.

The matter was approved by CNPE at a meeting on September 11.

The goal of the measure, according to the ANP, is to attract investments to mature basins, to develop the onshore industry by encouraging the participation of small and medium-sized companies, as well as to stimulate exploratory activities in the new frontier basins.

Source: Folha SP

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