Government concludes on the feasibility of selling areas for oil and gas beyond 200 nautical miles

February 14, 2020

The Working Group set up by determination of the National Council for Energy Policy (CNPE) concluded on the feasibility of offering exploratory areas for oil and gas beyond 200 nautical miles in the 17th bidding round of the National Petroleum Agency (ANP), foreseen for the second semester. The information was provided by the Minister of Mines and Energy, Bento Albuquerque, during the ceremony for signing contracts for areas purchased in the 16th round and in the permanent offer of the ANP.

“The report of the Working Group instituted by resolution of the CNPE concluded for the feasibility of bidding exploratory blocks beyond the limits of 200 nautical miles”, said the minister.

The Working Group had been set up by the government on January 10 and counted on the participation of members of the Ministry of Mines and Energy (MME), ANP, Ministry of Economy, Ministry of Foreign Affairs and Civil House.

The focus of the current area offer is the strip close to the pre-salt beyond the 200 nautical miles, in which, in the event of discoveries, there are expectations of increasing the volume of oil and gas reserves in Brazil by about 50 %, which today are estimated at 15.9 billion barrels.

The 17th round of the ANP will offer 128 exploratory blocks in the basins of Pará-Maranhão (sector SPAMA-AUP1), Potiguar (sectors SPOT-AP2 and SPOT-AUP2), Pelotas (sectors SP-AP1, SP-AR1 and SP-AUP1) , Campos (sectors SC-AUP2, SC-AP3 and SC-AP1) and Santos (sectors SS-AUP5, SS-AP4 and SS-AUP4).

Source: epbr

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