CNPE Authorizes Completion of the 13th Bidding Round

Source: www.gulfoilandgas.com 6/9/2015, Location: South America

The National Energy Policy Council (CNPE) published in the Official Gazette the Resolution No. 1/2015, which authorizes ANP to hold the 13th Bidding Round for Exploratory Blocks Oil and Natural Gas. They will be offered 266 exploration blocks, totaling an area of 125,045.9 square kilometers. Shareholders also approved the inclusion of inactive areas with marginal accumulations.

Of the total blocks, 182 are located in the onshore basins of the Amazon, Parnaiba, Potiguar and Reconcavo and 84 in the sea basin of Sergipe-Alagoas, Jacuipe, Espirito Santo, Campos, Camamu-Almada and Pelotas.

They will still be offered 11 inactive areas with marginal accumulations in basins of Recôncavo, Tucano Sul, Parana, Barreirinhas, Potiguar and Espirito Santo, totaling an area of 58.4 km2.

The 13th Bidding Round is expected to occur at 7 and 8 October 2015.

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