Oil block auction under concession regime raises BRL 3B
Brazil’s national oil authority ANP on Wednesday (Oct. 7) raised BRL 3 billion in signing bonuses from the auction of 49 oil exploration blocks under the concession regime. The auction is part of the 6th cycle of the Permanent Concession Offer. Investments totaling R$ 4.5 billion are projected for the first phase of the contracts alone - the exploration phase. Notícias relacionadas: Brazil’s…
Brazil's national oil authority, ANP, recently conducted two significant auctions of oil exploration and production blocks under different models, generating BRL 3 billion in signing bonuses and BRL 530 million in production-sharing bonuses. The concession regime auction yielded BRL 3 billion, while the pre-salt polygon auction under the production-sharing model resulted in BRL 530 million.
These auctions are part of the 6th and 4th cycles of the Permanent Concession and Production-Sharing Offers, respectively. The concession blocks, totaling 49, are spread across several basins including Potiguar, Tacutu, Recôncavo, Parnaíba, Tucano Sul, Campos, and Ceará. The production-sharing auction awarded seven out of 13 blocks, transferring ownership of the oil to the company with the highest share of surplus production.
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