Economy

Brazil to resume oil rights auctions in 2015

Brazil will resume auctions of oil rights in the first half of 2015 after a nearly two-year lapse, the head of the ANP regulatory agency said here Monday.

EFE
16/09/2014 14:07
Visualizações: 1452 (0) (0) (0) (0)

Brazil will resume auctions of oil rights in the first half of 2015 after a nearly two-year lapse, the head of the ANP regulatory agency said here Monday.Magda Chambriard announced the 13th round of auctions during the opening of the Rio Oil and Gas conference.

 

While the ANP has yet to decide exactly which fields will be up for bids, the auction will include sites from the northeastern State of Rio Grande do Norte to Rio Grande do Sul in the far south, she said.

 

Chambriard did not say whether the auction will include the pre-salt region, so-named because its reserves are located under water, rocks and a shifting layer of salt at depths of up to 7,000 meters (22,950 feet) below the surface of the Atlantic.

 

That region, the main focus of investment by state-controlled oil giant Petrobras, could vastly increase Brazil's proved reserves and turn the country into a major crude exporter.

 

The pre-salt area is governed by a special regulatory regime that allows only for production-sharing contracts, not outright concessions.

 

Brazil held regular auctions of oil rights from 1999-2008 under traditional terms for concessions, but suspended the sales pending adoption of new regulatory framework for the pre-salt deposits.

 

In 2013 there were two auctions of concessions and Brazil's first under a production-sharing regime.

Most Read Today
see see
FIRJAN
Agrega + Indústria brings together entities, companies, ...
29/07/26
SOG 2026
ABPIP brings to Sergipe Oil & Gas a debate on strengthen...
28/07/26
Event
BR Aviation presents its portfolio of customized solutio...
23/07/26
Royalties
Royalties: amounts referring to May production distribut...
23/07/26
Fuels
Fuel and lubricants sector registers 1.8% drop in June, ...
22/07/26
IBP
Studies point to redundancy of the export tax and extra ...
22/07/26
PPSA
7th Spot Auction: PPSA markets cargoes from Atapu and Ba...
20/07/26
Results
Union oil production reaches 244 thousand barrels per da...
17/07/26
State of Ceará
Natural gas arrives in Cariri (CE) and strengthens econo...
16/07/26
Terminals
Vast announces contract extension with PETRONAS Brasil u...
15/07/26
International
War, oil and the dollar: how global fluctuations impact ...
13/07/26
ANP
Third-party access to natural gas flow pipelines and pro...
10/07/26
Agreement
ANP and Petrobras sign agreement to bring 335 offshore w...
07/07/26
Logistics
Vast Infraestrutura and Petrobras strengthen partnership...
07/07/26
IBP Positioning
Change of the instrument does not fix the illegalities o...
07/07/26
Energy Summit
Energy Summit 2026: Embrapii technologies strengthen Bra...
22/06/26
Energy Summit
Biodiesel and renewable fuels move to the center of the ...
22/06/26
Natural Gas
ANP extends public consultation on the calculation of th...
22/06/26
Rio de Janeiro
Firjan’s Oil Yearbook in Rio highlights that positive pr...
22/06/26
Biomethane
With a market five times larger since 2020, the biometha...
22/06/26
Petrobras
Petrobras approves investment in bio-jet fuel and renewa...
22/06/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.