Brazil – 2020 Oil Auctions

Oct 4, 2019

In October, the federal government should hold a meeting of the National Energy Policy Council to authorize the areas that will enter the auction in the 17th bidding round, scheduled for 2020.

– The board of the National Petroleum Agency (ANP) last month approved the selection of 120 exploratory blocks for the auction.

– The sectors initially selected are in the Campos and Santos basins (outside the pre-salt polygon) and Pará-Maranhão, Pelotas and Potiguar

– Areas beyond 200 nautical miles are expected to be analyzed

– The 7th pre-salt round is also scheduled for 2020, where the ANP was authorized to evaluate the technical and economic parameters of the Esmeralda and Agata areas in the Santos Basin and Água Marinha in the Campos Basin.

The 2020 pre-salt auction may take place without Petrobras’ preemptive right. Senate leader Rodrigo Pacheco (DEM / MG) presented to the Infrastructure Services Commission an opinion in favor of Bill 3178/2019 by Senator José Serra (PSDB / SP), which ends Petrobras’ pre-emptive right and enables the bidding of areas under the concession regime within the pre-salt polygon.

– The congressman included an amendment to grant Petrobras the preemptive right in the sale of surplus auction and in the 6th pre-salt auction, scheduled for November 6 and 7.

– The end of Petrobras’ pre-emptive rights in production-sharing auctions may make competition more competitive, according to the Evaluation, Planning, Energy and Lotteries Secretariat, which also indicates that the end of the pre-salt polygon is positive for the sector and for the country.

– Last month, Petrobras President Roberto Castello Branco defended changes in the pre-salt legislation, with the end of the production sharing system or, in a more moderate movement, the end of the pre-salt polygon.  To leave the concession and sharing regime at the discretion of the regulatory authority.

Source: epbr

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.