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: 1453 (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
BOGE2026
Smart Control Gains Prominence at Bahia Oil & Gas Energy...
09/06/26
BOGE2026
Bahia Oil & Gas Energy Concludes Historic Edition and Se...
06/06/26
Branded Content
Boaventura Energy Complex drives Brazil’s energy future ...
06/06/26
BOGE2026
Mayekawa do Brasil present at Bahia Oil & Gas Energy
06/06/26
BOGE2026
Benel Marks Presence at Bahia Oil & Gas Energy and Annou...
02/06/26
BOGE2026
Bahiagás Highlights Bahia’s Leading Role in the Energy T...
30/05/26
Investments
Petrobras Announces Investments of More Than R$ 70 Billi...
30/05/26
BOGE2026
Oil States Reinforces Commitment to Innovation and Opera...
29/05/26
BOGE2026
PetroReconcavo Discusses the Future of Oil and Gas at Ba...
29/05/26
BOGE2026
Lumina Group Makes Its Presence Felt at Bahia Oil & Gas ...
29/05/26
BOGE2026
Bahia Brings Together Industry, Innovation, and Business...
28/05/26
Royalties
Amounts related to March production for concession and t...
28/05/26
BOGE2026
Oil & Gas Expansion Boosts Demand for Industrial Waste T...
28/05/26
BOGE2026
BRAVA Energia Marks Presence at Bahia Oil & Gas Energy 2...
27/05/26
IBP
Brazil Can Expand Its Prominence as a Global Energy Supp...
27/05/26
Investments
Petrobras and Transpetro announce R$ 2.8 billion in inve...
27/05/26
International Company News
Jumbo orders a new class of versatile heavy lift vessels
27/05/26
BOGE2026
The Largest Oil and Gas Event in the North and Northeast...
25/05/26
BOGE2026
With production on the rise, independent players lead di...
25/05/26
ANP
ANP Workshop Debates Boosting Oil and Gas Exploration in...
25/05/26
BOGE2026
ANP participates in Bahia Oil & Gas Energy 2026, in Salvador
25/05/26
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.