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ARTICLE · 08 JULY 2016

ANP And IBAMA Execute Technical Cooperation Agreement

Mayer Brown
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The Agreement has been one of the topics of conversation during the first meeting between the IBP (Brazilian Petroleum, Gas and Biofuels Institute) and the new Mines and Energy Minister, Bezerra Filho.

BrazilEnergy and Natural Resources
Alexandre R. Chequer
Alexandre R. Chequer
Leonardo Costa
Leonardo Costa
Victor Galante
Victor Galante
Paulo De Bessa Antunes
Paulo De Bessa Antunes
Bruno Belchior
Bruno Belchior
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On May 24 2016, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) and the Brazilian Institute of Environment and Renewable Natural Resources executed a Technical Cooperation Agreement ("Agreement") with the purpose of improving the assessment and management of potential environmental impacts resulting from oil and natural gas exploration and production ventures, whether they be speculative or in areas granted by ANP. Furthermore the Agreement indicates the importance of better communication between the parties, as it includes a requirement for exchange of information related to the environmental licensing process for oil and gas industry ventures. This Agreement will be valid for 60 (sixty) months, with possible extension.

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