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6th Sharing Round Will Offer Five Blocks on the Pre-Salt Polygon

Source: www.gulfoilandgas.com 11/7/2019, Location: South America

On November 7, ANP will hold the 6th Round of Production Sharing Bids, in which it will offer the blocks called Aram, Boomerang, Southern Cross, Southwest Sagittarius, in the Santos Basin, and North Brava, in the Basin. of Campos. In all, there are 17 qualified companies, the largest number ever registered for bids in the sharing regime in Brazil.

These blocks were selected in high potential basins, with the purpose of expanding the Brazilian reserves and the production of oil and natural gas, increasing the knowledge about the Pre-Salt Polygon and providing the rational use of energy resources.

In the sharing rounds, the signing bonuses (amount paid in cash by the companies that buy blocks) are fixed and the excess oil for the Union is the only criterion to define the winning bidder (the one that offers the highest percentage).

Oil surplus is the portion of oil and / or natural gas production to be distributed between the Union and the contractor, according to criteria defined in the contract and the percentage offered in the round. This is the total volume of production minus the royalties due and the cost in oil (part of the production corresponding to the company's costs and investments in field operation).

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects

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