On 10/29, new declarations of interest were approved by the Special Bidding Commission (CEL), accompanied by an offer guarantee, from the sectors that were part of the public session of the 2nd Permanent Offer Cycle. CEL also decided to change the date of the public session for the presentation of offers of the 2nd Cycle to December 4, 2020.

At this same meeting, it was decided that the sequence of presentation of the sectors that will be on offer during the public offering presentation session of the 2nd Permanent Offering Cycle will be as follows:

According to the schedule, all registered bidders had until October 13, 2020 to submit declarations of interest accompanied by a bid guarantee for any areas listed in Annex I of the Permanent Offer notice.

Until November 16, 2020, all registered bidders can present additional bid guarantees accompanied by declarations of sectors of interest for the sectors that will be on offer in the public bid submission session of the 2nd Permanent Offer Cycle.

See more information about the 2nd Permanent Offer Cycle: http://rodadas.anp.gov.br/pt/oferta-permanente/2-ciclo-da-oferta-permanente

What is the Permanent Offer 

The Permanent Offer is a form of concession of blocks and areas with marginal accumulations for exploration or rehabilitation and production of oil and natural gas. In this modality, there is a continuous offer of fields returned or in the process of being returned, of exploratory blocks offered in previous bids and not auctioned or returned to the Agency, in addition to new exploratory blocks in terrestrial basins under study at ANP.

In this way, companies do not need to wait for a "traditional" bidding round to have the opportunity to finish off a block or area with marginal accumulation, which will be permanently on offer. In addition, companies count the time they deem necessary to study the technical data of these areas before making an offer, without the limited time limit for the bidding round.

Once the application has been approved in the process, the company can declare interest in any (or more) of the blocks and areas offered in the Public Notice. This declaration of interest must be sent to the ANP, accompanied by an offer guarantee, and must identify all sectors in which the company aims to present offers at the public session to be held.

Learn more about the Permanent Offer:https://www.gov.br/anp/pt-br/canais_atendimento/imprensa/kits-de-imprensa-1/oferta-permanente