Second phase of licensing round coming up

In October, ANP offered 182 onshore and 84 offshore blocks exploratory blocks distributed in 10 sedimentary basins during the 13th licensing round.

The auctioned basins, located in the states of Bahia, Espírito Santo, Maranhão, Paraná and Rio Grande do Norte, cover an area of 53km².  The regulatory agency was offered bids for 37 blocks, which correspond to 14% of the total. Most bidders were small or medium-sized companies.

Petrobras and other large companies did not participate in this round, likely due to various factors such as the low barrel price, momentary scarcity of funds in the industry, and the depreciated Brazilian Real, currently exchanged for USD 0.2683. The political scenario in the country has also influenced the market according to ANP president Magda Chambriard. ANP affirmed each of the blocks contains “known oil and gas discoveries” which remain undeveloped for economic reasons.

21 companies prequalified for second phase of oil auction

Alvopetro is among the 21 companies that have prequalified for the second phase of the licensing round. ANP affirmed firms had expressed interest in all 10 concession areas, which are due to be offered to bidders at an auction in Rio de Janeiro on Thursday. The areas available are São João, Alto Alegre, Iraí, Bela Vista, Riacho Sesmaria, Paramirim do Vencimento, Fazenda Gameleira, Miranga Leste, Lagoa do Doutor and Barra Bonita.

ANP aims to give small and medium-sized enterprises opportunities, “enabling the continuity of these activities in regions which play an important socio-economic role, with job creation and income distribution”.

The second phase of the 13th round is taking place in Rio de Janeiro on Thursday, December 10th, at 9:00am.

More information:

http://www.brasil-rounds.gov.br/

http://www.em.com.br/app/noticia/economia/2015/10/07/internas_economia,695757/sem-petrobras-13-rodada-vende-37-blocos-e-arrecada-r-121-1-milhoes.shtml

http://www.em.com.br/app/noticia/economia/2015/10/20/internas_economia,699802/13-rodada-foi-afetada-por-dificuldade-politica-e-cambio-diz-diretora-da-anp.shtml

http://www.kvcv.com.br/news/noticia.php?edicao=328&noticia=3708&idioma=en

Innovation Norway is responsible for promoting the Norwegian industry abroad. Our office in Rio de Janeiro manages Innovation House Rio, our business incubator office, and helps Norwegian companies in their efforts towards the Brazilian market.

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Posted in Oil & Gas

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