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ARTICLE · 11 SEPTEMBER 2018

CNPE Authorizes 17th And 18th Bidding Rounds

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On August 30, 2018, Resolution No. 10/2018 of the National Energy Policy Council ("CNPE") was published in the Federal Official Gazette, establishing the guidelines ...

BrazilEnergy and Natural Resources
Bruno Belchior
Bruno Belchior
André Lemos
André Lemos
Livia Seabra V. De Lima
Livia Seabra V. De Lima
Henrique Rojas
Henrique Rojas
Isabella Vieira Mendonça
Isabella Vieira Mendonça
Patricia Pereira Winter
Patricia Pereira Winter
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On August 30, 2018, Resolution No. 10/2018 of the National Energy Policy Council ("CNPE") was published in the Federal Official Gazette, establishing the guidelines for the multi-annual planning of bid rounds for the exploration and production of oil and natural gas for the 2020-2021 biennium ("Resolution").

The Resolution highlights that the multi-annual planning of bid rounds allows the agents of the sector to organize their global portfolios, as well as the acquisition of new data and performance of studies, which promote the Federal Government's resources.

Furthermore, pursuant to the Resolution, CNPE authorized the National Agency for Petroleum, Natural Gas and Biofuels ("ANP") to carry out the Seventeenth and Eighteenth Bidding Rounds, under the concession regime, respectively, in the years 2020 and 2021.

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