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ARTICLE · 10 MAY 2019

6th Pre-Salt Bid Round – Drafts Of Tender Protocol And Production Sharing Agreements Released

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On April 15, 2019, the National Agency of Petroleum, Natural Gas and Biofuels ("ANP") published the preliminary tender protocol ("Pre-Tender")

BrazilEnergy and Natural Resources
Bruno Triani Belchoir
Bruno Triani Belchoir
Alexandre B. Calmon
Alexandre B. Calmon
Livia Seabra V. De Lima
Livia Seabra V. De Lima
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On April 15, 2019, the National Agency of Petroleum, Natural Gas and Biofuels ("ANP") published the preliminary tender protocol ("Pre-Tender") of the 6th Bid Round under the production sharing regime ("6th Pre-Salt Round") to establish the procedures and rules for participating in the bid and to make available the production sharing agreement drafts, the preliminary schedule and other relevant information about the offered areas.

The 6th Pre-Salt Round will offer five blocks, four in the Santos Basin (Aram, Bumernague, Cruzeiro do Sul and Sudoeste de Sagitário) and one in the Campos Basin (Norte de Brava). Petrobras has preferential rights to be the operator with a minimum 30% participating interest in the Aram, Sudoeste de Sagitário and Norte de Brava blocks.

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This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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