Home Fossil Energy Brazil in for busy summer with new oil & gas round
February 14, 2025,
by
Dragana Nikše
Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) has disclosed the date for the country’s next oil and gas licensing round. The Agency has also presented draft legislation to encourage more exploratory activities and a tool for tracking greenhouse gas (GHG) emissions from oil and gas production activities in the country.
Based on the schedule for the 5th cycle of the open acreage of concession published in Brazil’s Official Gazette, a public session for the presentation of offers as part of the country’s latest bidding round will take place on June 17, 2025.
As stated by ANP, 332 exploratory blocks across several onshore and offshore basins are available in this round. The blocks form part of the Campos, Ceará, Espírito Santo, Foz do Amazonas, Paraná, Parecis, Pelotas, Pernambuco-Paraíba, Potiguar, Santos, and Tucano basins.
Petrobras recently disclosed an increase in its proven reserves of oil, condensate, and natural gas in 2024 compared to the previous year. According to the firm, the uptick is mainly due to developments in the Santos basin, such as the Atapu, Sépia and Mero fields. The latter achieved first oil in October 2024 from the floating storage production and offloading (FPSO) unit Marechal Duque de Caxias.
Related Article
There are currently 89 companies registered in the permanent offer under the concession regime. They will have until March 31, 2025, to submit a declaration of interest, accompanied by a bid guarantee. The areas that will form part of the public session of this round will be announced in April 2025.
As disclosed by ANP in January, the validity of production sharing contracts (PSCs) for 156 blocks in the notice expires in June 2025. Since PSCs for 11 of these were renewed, 145 blocks are now available for declaration of interest in this round since the date for the public session precedes their PSCs’ expiration date.
If a declaration of interest for this round is not received and PSCs are not renewed, they will be removed from the
