Brazil in for busy summer with new oil & gas round

(offshore-energy.biz) Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) has disclosed the date for the country’s next oil and gas licensing round. The Agency has also presented draft legislation to encourage more exploratory activities and a tool for tracking greenhouse gas (GHG) emissions from oil and gas production activities in the country.

Based on the schedule for the 5th cycle of the open acreage of concession published in Brazil’s Official Gazette, a public session for the presentation of offers as part of the country’s latest bidding round will take place on June 17, 2025. 

As stated by ANP, 332 exploratory blocks across several onshore and offshore basins are available in this round. The blocks form part of the Campos, Ceará, Espírito Santo, Foz do Amazonas, Paraná, Parecis, Pelotas, Pernambuco-Paraíba, Potiguar, Santos, and Tucano basins.

Petrobras recently disclosed an increase in its proven reserves of oil, condensate, and natural gas in 2024 compared to the previous year. According to the firm, the uptick is mainly due to developments in the Santos basin, such as the Atapu, Sépia and Mero fields. The latter achieved first oil in October 2024 from the floating storage production and offloading (FPSO) unit Marechal Duque de Caxias.

Read full article: https://www.offshore-energy.biz/brazil-in-for-busy-summer-with-new-oil-gas-round/