Brazil Postpones Santos Basin Bid Round

June 13, 2019

World Energy Reports LLC.
AdobeStock_212520305.jpeg

Brazil's oil regulator ANP announced on Thursday preliminary rules for a major oil auction in the pre-salt area in the Santos basin and postponed the bidding round to Nov. 6 from Oct. 28.

The preliminary rules will be in public consultation until July 3, according to ANP. A public hearing is expected to take place in Rio de Janeiro on July 5.

The auction comprises production sharing contracts for a total area of 1,385 square kilometers. The prospects are areas near the fields included in the Transfer-of-Rights contract signed by the government with local company Petrobras .

Contracts are expected to be signed by March 2020, said ANP.

Petrobras was granted in 2010 the right to explore up to 5 billion barrels of oil equivalent (BOE) in the those pre-salt areas. As volumes discovered were significantly larger, the government is auctioning the surplus.


(Reporting by Marta Nogueira; Writing by Gabriela Mello Editing by Phil Berlowitz)

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Monthly reports -- Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 80 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the forecast and make revisions as needed.
  • Online database -- The online database is updated every day – with information direct from primary sources. In the database are details for 240 planned projects, 370 installations in service, 70+ floaters on order and 20+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request a Free Sample Report