In the terms of the 4th article of Resolution CNPE nº17, released in 06/08/2017, the National Agency Of Petroleum, Natural Gas and Biofuels – ANP – has approved the process of Open Acreage.
The process consists in the permanent offer of relinquished fields (or in process of relinquishment) and exploration blocks offered in past bids that were not awarded.
Until the end of April 2018, ANP will disclose the rules for participation and technical and economic requirements of areas available for Open Acreage offers, then the bid process will be started. From 2nd May, 2018 on,the submission period and the vinculative interest manifestation begins. The offers presentations must occur from November 2018 on.
For the offer presentation session to happen, ANP must receive at least 1 (one) bid bond manifest for each area of interest . From this event on, ANP will have 90 days to promote the offer presentation session.