The ANP (National Agency of Petroleum, Natural Gas, and Biofuels) published today (17/7) a dynamic panel with information about available blocks and areas in the Permanent Offer for Concession (OPC) and Permanent Offer for Production Sharing (OPP) bidding rounds.

The panel can be accessed at: click here!

The panel presents the total number of available blocks or areas in the current bidding rounds and a detailed list of parameters used in the OPC and OPP (such as minimum bonus, Minimum Exploratory Program - PEM, offer guarantee, and qualification requirements) for each block or area.

Additionally, the panel shows the list of companies registered to participate in any cycle of the Permanent Offer.

What is the Permanent Offer

The Permanent Offer is currently the main modality for bidding on areas for oil and natural gas exploration and production in Brazil. In this format, there is a continuous offer of exploratory blocks and areas with marginal accumulations located in any onshore or offshore basin.

In this way, companies do not need to wait for a "traditional" bidding round to have the opportunity to win a block or area with a marginal accumulation, as these areas are permanently available for bidding. Furthermore, companies have the time they deem necessary to study the technical data of these areas before making an offer, without the limited timeframe of a bidding round.

Currently, there are two types of Permanent Offer: Permanent Offer for Concession (OPC) and Permanent Offer for Production Sharing (OPP), according to the contracting regime (concession and production sharing). Three cycles of OPC and one cycle of OPP have already been conducted, resulting in the signing of 121 contracts for blocks/areas under the concession regime and 4 production sharing contracts.