Sharing contracts in the exploration phase,  have terms extended by the MME

Jun 16, 2020

Ordinance No. 239 of the Ministry of Mines and Energy (MME) was published in the Official Gazette (DOU), which authorizes the ANP to enable the nine-month extension of the deadlines related to the Exploration provided for in contracts under the Production Sharing regime, in accordance with the conditions established in ANP Resolution No. 815, of April 20, 2020.

The measure is part of the new procedures to be adopted by companies operating in oil and natural gas exploration and production activities while the temporary measures to deal with the public health emergency resulting from the coronavirus (Covid-19) continue. This is an emergency measure in the current scenario to minimize the impacts on the oil and natural gas exploration sector.

Source: ANP

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