The Minister of Mines and Energy, Bento Albuquerque, participated on the last 14th, in the contract signing ceremony resulting from the rounds that took place in 2019 that offered blocks under the concession regime.

"The success of the Rounds is not only measured by the bonuses collected, it also stems from the investments that will be applied in the auctioned areas, estimated at R $ 1.5 billion only in the first phase of the contracts. With the other rounds held in 2019, attraction is expected of R $ 400 billion over the contracts, in addition to the significant government participation for the production of fields that we believe will be discovered and developed ", said the Minister.

1st Permanent Offer Cycle 

The 1st Permanent Offer Cycle had its public session held on 10/09/2019. 33 blocks with exploratory risk and 12 areas with marginal accumulations were purchased by 18 winning bidders. The round raised R $ 22.3 million in subscription bonuses and will generate minimum exploratory investments in the order of R $ 320 million.

This Friday, 23 of the 45 contracts were signed by 12 companies. The others are expected to be signed up to May 10, 2020.

The Permanent Offer is a type of bidding in which blocks on land are permanently offered, sea blocks returned to the ANP or offered and not purchased in previous rounds, as well as fields returned or in the process of being returned to the ANP.

The first cycle of the Permanent Offer brought about the consolidation of a new bidding model, which permanently offers a portfolio of blocks and areas with marginal accumulations for exploration and production of oil and natural gas. In this way, companies, especially those not yet operating in Brazil, have the opportunity to study these areas without the time limitation that traditional rounds provide.

16th Bidding Round 

The 16th Bidding Round, which took place on 10/10/2019, had 12 blocks (out of 36 offered) won by ten companies. R $ 8.9 billion in subscription bonuses were collected, a record amount between the rounds in the concession regime already held in Brazil. Minimum exploratory investments in the order of R $ 1.6 billion are also foreseen.