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: 1095 (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
Offshore Operations
Crew training and connectivity are the true enablers of ...
23/12/25
Recognition
IBP Wins the “Events Oscar” Once Again with ROG.e 2024
11/12/25
FIRJAN
Rio Could Generate 676,000 New Jobs by Stimulating Nine ...
11/12/25
Inland Navigation
Grease-Free Revolution in Latin America’s Workboat Sector
10/12/25
PPSA
Production-Sharing Contracts to Produce 2 Million Barrel...
10/12/25
Recognition
National Public Transparency Program Grants Transpetro I...
10/12/25
Logistics
Transpetro expands its logistics operations with the int...
09/12/25
Auction
PPSA raises around R$ 8.8 billion from the sale of the F...
08/12/25
PPSA
Petrobras announces results of PPSA’s Non-Contracted Are...
08/12/25
Niterói
Niterói concludes second edition of Tomorrow Blue Econom...
02/12/25
Recognition
ABS Consulting Earns Third Elev8 GovCon Honor for Excell...
22/11/25
Award
Aed Energy Wins at the 2025 Energy Storage Awards
22/11/25
Mossoró Oil & Gas Energy 2025
PetroSupply Meeting to Boost Business at Mossoró Oil & G...
21/11/25
Results
Union’s Oil Production Reached 174 Thousand Barrels per ...
21/11/25
International Company News
TGS Extends Agreement with the Government of the Federal...
21/11/25
Company News
Belga Marine and Global Maritime Announce Strategic Part...
21/11/25
Niterói
Tomorrow Blue Economy sets Niterói in motion in the coun...
13/11/25
Cop30
ANP Participates in the Event and Advances Measures for ...
13/11/25
FIRJAN
Enaex 2025 Discusses Reindustrialization, Brazil’s Compe...
13/11/25
Mossoró Oil & Gas Energy 2025
Mossoró Oil & Gas Energy to Feature Strategic Debates in...
13/11/25
Company News
Norsul becomes the first company in Latin America to ado...
11/11/25
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.