The ANP extended by seven days, at the request of companies in the oil and natural gas sector, the deadline for submitting contributions to the regulatory impact analysis (AIR) on the bidding procedure for blocks for exploration, rehabilitation and production of oil. and natural gas, with a focus on the Permanent Offer system.

The questionnaire can be accessed here, until 18:00 on 10/24/2022, and must be completed and sent by the same date and time.

The main objective of the study is to identify points of improvement that can increase the optimization of the results of the auctions, allowing to map factors that stimulate the participation of companies in the cycles of the Permanent Offer.

What is regulatory impact analysis (RIA)

Regulatory impact analysis (AIR) is a prior and formal procedure regulated by Decree No. 10,411/2020, which aims to gather the greatest possible amount of information on a particular topic regulated by the Agency, to assess the possible impacts of available action alternatives to achieve the intended objectives. The purpose of RIA is to guide and support decision-making and contribute to making regulation more effective, efficient and efficient.

What is the Permanent Offer

The Permanent Offer is, at the moment, the main method of bidding for areas for exploration and production of oil and natural gas in Brazil. In this format, there is a continuous supply of exploratory blocks and areas with marginal accumulations located in any onshore or offshore basins.

In this way, companies do not need to wait for a "traditional" bidding round to have the opportunity to bid for a block or area with marginal accumulation, which becomes permanently on offer. In addition, companies have as much time as they deem necessary to study the technical data of these areas before making an offer, without the limited period of the public notice for a round.

Currently, there are two types of Permanent Offer: Permanent Concession Offer (OPC) and Permanent Production Sharing Offer (OPP), according to the contracting regime (concession and sharing). Three OPC cycles have already been carried out and the OPP has its 1st open cycle, whose public session will take place on December 16th.