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Open Acreage

In the terms of the 4th article of Resolution CNPE nº17, released in 06/08/2017, the National Agency Of Oil, Natural Gas and Biofuel – ANP – has approved the Open Acreage Process of offering areas.

The process consists in the continuous offer of relinquished marginal oil fields (or in process of devolution) and exploration blocks offered in past bid rounds that were not awarded or which had been devolved to the Agency.

In the 27th April 2018, ANP presented the rules for participation and technical and economic requirements of the areas under Open Acreage process situation, starting the process. From May 2nd 2018 on, the submission period begin and the guarantee offer with the declaration of interest will begin July 19th, 2018. The offer presentation must occur from November 2018 on.

The Indicative Schedule and the table bellow refer to the first stage of the Open Acreage Process:

 

Activities
Date
11/30/2017
From 11/30/2017 on
04/27/2018
04/27/2018
05/02/2018
From 07/19/2018 on
From 11/01/2018 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.

 

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