On April 20th, the National Council for Energy Policy (“CNPE”) published in the Union’s Official Gazette its Ordinance No. 06/2017, that authorizes the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) to hold the 14th Concession Bid Round.
In such Round, 287 blocks shall be offered in the offshore basins of Sergipe-Alagoas, Espírito Santo, Campos, Santos and Pelotas and in the onshore basins of Parnaíba, Paraná, Potiguar, Recôncavo, Sergipe-Alagoas and Espírito Santo, in a total area of 122,622.40 km².
The CNPE did not publish the date when the round will be held. However, pursuant to the Investments Partnership Program (“PPI”), the ANP’s 14th Concession Bid Round is expected to happen in the second semester of 2017.
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This article is of a solely informative nature, and does not contain any opinion, recommendation or legal advice from Felsberg Advogados concerning the subject matter covered.