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ARTICLE · 14 JANUARY 2013

Brazil’s President Authorizes Round 11 For May 2013

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The Minister of Mines and Energy, Edison Lobão, announced today that the president Dilma Rousseff authorized the long-expected Brazil Round 11 to be held in May 2013.

BrazilEnergy and Natural Resources
Alexandre R. Chequer
Alexandre R. Chequer
Leonardo Costa
Leonardo Costa
Victor Galante
Victor Galante
Bruno Triani Belchoir
Bruno Triani Belchoir
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Keywords: Brazil, Round 11

The Minister of Mines and Energy, Edison Lobão, announced today that the president Dilma Rousseff authorized the long-expected Brazil Round 11 to be held in May 2013. Although the details about the offered areas were not disclosed, the minister anticipated that the round will have the same blocks previously announced, except for 2 which were removed due to environmental permitting issues. The round will offer a total of 172 blocks, half of which are onshore and half offshore. This will be the first time offshore blocks will be offered since the Brazil Round 9 was held at the end of 2007.

Most of these blocks are located in the equatorial cost of Brazil, a promising area that is expected to have similar potential to the huge reserves discovered in the Gulf of Guinea, West Africa.

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