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ARTICLE · 26 FEBRUARY 2020

ANP Publishes New Version Of The Assignment Procedure Manual

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On January 24, 2020, Brazil's National Agency of Petroleum, Natural Gas and Biofuels ("ANP") published a new version of the Assignment Procedure Manual ("New Manual").

BrazilEnergy and Natural Resources
Bruno Triani Belchoir
Bruno Triani Belchoir
Leandro Duarte
Leandro Duarte
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On January 24, 2020, Brazil's National Agency of Petroleum, Natural Gas and Biofuels ("ANP") published a new version of the Assignment Procedure Manual ("New Manual"). The New Manual describes the procedure and eligibility requirements for assignment of E&P agreements, as well as the required format of the documents.

In May 2019, ANP published Resolution No. 785/2019 ("Resolution"), which regulates the assignment procedure, the creation of guarantees over rights arising from an E&P contract and the change in corporate control of concessionaires or contractors. The publication of the New Manual complies with a requirement set forth in the Resolution, namely to specify the procedures related to the assignments.

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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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