Brazilian government confirms 12th bid round

Offshore staff

RIO DE JANEIRO – The National Council of Energy Policy (CNPE) has officially authorized the Brazilian oil and gas agency (ANP) to promote the 12th bid round for the exploration and production of oil and natural gas blocks. Although the government has announced the decision, there remained doubts about its confirmation, which have just been lifted with the publishing of CNPE Resolution No. 06/2013.

The Resolution has also defined that the 12th bid round will offer 240 exploratory blocks, within an area of 168,348.42 sq km (65,000 sq mi). From the total, 110 exploratory blocks are located in the new frontier basins of Acre, Parecis, São Francisco, Paraná, and Parnaíba. The remaining 130 blocks are located in the mature basins of Recôncavo and Sergipe-Alagoas.

Scheduled for November, the bid round will be focused on the potential discovery of unconventional shale gas.

8/9/2013

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