CNPE Publishes Resolution Authorizing for the 2nd Round

Source: www.gulfoilandgas.com 5/4/2017, Location: South America

The National Council of Energy Policy (CNPE) published in the Official Gazette of the Union, CNPE Resolution No. 2/2017, which authorizes ANP to hold the 2nd Round of Bids for Exploratory Petroleum Blocks And Natural Gas under the Production Sharing Regime in the pre-salt area, and approves the technical and economic parameters of the respective contracts.

Unitized non-contracted areas will be offered adjacent to the prospects of Carcara (block BM-S-8) and Cat do Mato (block BM-S-54) and Sapinhoa Field in the Santos Basin, as well as the Turtle Field Verde (Mixed Mound Turtle) in the Campos Basin.

The resolution also defined the signature bonuses and the minimum percentages of the Union oil surplus for the areas.

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