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Nov 21, 2019 The President of the Republic, Jair Bolsonaro, signed Resolution No. 24, authorizing the 2020 17th Bidding Round for exploration and production of oil and natural gas by the National Agency of Oil, Natural Gas and Biofuels (ANP). In this round, in the Concession regime, 128 blocks will be offered in the Pará-Maranhão,... Continue Reading →
November 21, 2019 Impact of Campos Basin redevelopment on production, royalties and employment was discussed during the public hearing. With a little over 40 years of operation, the Campos Basin faces a drop in production. It has already been responsible for over 80% of national oil activity. Today, the Campos Basin is responsible for 48%... Continue Reading →
Brazil’s real may be sliding toward an all-time low against the U.S. dollar, but the central bank appears in no rush to intervene to slow or even reverse the fall. Despite the real’s historical weakness, the market is functioning smoothly: depreciation, so far, has been fairly orderly, volatility is low, liquidity has not dried up,... Continue Reading →
Nov 19, 2019 ANP extended deadline for Petrobras to conclude operations involving land and shallow water fields The ANP has extended the deadlines for Petrobras to complete its divestments in land and shallow water. The operations involve 124 fields at 20 clusters - some of them already sold, but not yet with all the regulatory... Continue Reading →
Nov 19, 2019 The ANP granted Rosneft another four years (until 2023) to complete the second stage of the minimum exploratory programs (MEPs) of blocks SOL-T-151, SOL-T-174, SOL-T-197, SOL-T-214, SOL-T-215, SOL-T-216 and SOL-T-217 in the Solimões Basin. Asset Discovery Assessment Plans (DAPs) were also extended by the agency, with deadlines now ranging from 2020 to... Continue Reading →
November 14, 2019 ANP projects that production in pre-salt fields will help raise revenues to the public coffers by R$ 300 billion a year, setting a new level that will require greater responsibility in the application of resources The fields auctioned in the TOR and the 6th Pre-Salt Round will help boost the sector’s annual... Continue Reading →
NOV 13, 2019 The year 2019 is approaching its end and Brazil has not yet filed any declaration of commerciality of oil and gas areas. In addition, the country is experiencing a decline in the number of these statements over the last few years. Consulted by the Petronotícia, the National Petroleum Agency (ANP) says that... Continue Reading →
Nov 13, 2019 The purchase of the Lagoa Parda Cluster by Imetame is approved by Cade, without restrictions. The set of three fields in Espírito Santo was 100% sold by Petrobras, for R $ 9.4 million. Deal was signed on October 11th. The current average production of the cluster is 300 barrels of oil per... Continue Reading →
Nov 11, 2019 The ANP recommended to the MME the amendment of the CNPE resolution authorizing the extension of the production phase of Round Zero contracts (02/2016). The proposal is to extend the benefit to concessions within the pre-salt polygon, ensuring greater predictability of investments and avoiding early interruption of production. The measure complies with... Continue Reading →
Nov 11, 2019 It is time for Brazil to reflect on the application of the concession regime in forthcoming bidding for oil and gas exploration blocks, in order to bring about further simplification in the process, said the president of Shell in Brazil, André Araujo. The oil company is the main private producer in the... Continue Reading →
Brazil Energy Insight 