Brazil’s ANP to Auction 158 Oil Blocks in Permanent-Offers

The system calls for the continuous offer of oil fields that have been returned, blocks not offered in previous bids, as well as blocks not acquired in previous rounds.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – At least 158 petroleum exploration blocks have been approved by environmental agencies to be auctioned off later on this year in the first permanent-offer system, according to the National Petroleum, Natural Gas and Biofuel Agency (ANP). Of the total blocks to be offered, 68 are located in sea basins and ninety in land basins.

"It's a unique opportunity,” said ANP director Dirceu Amorelli, during a press conference on Wednesday. “With the permanent offer system, companies have a greater time for their technical teams to find synergies.”

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