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ARTICLE · 14 JUNE 2024

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New Resolution On Bidding Procedures Under Concession And Production Sharing Regimes

Mayer Brown
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The ANP Resolution No. 969/2024 (the "Resolution") was published by the Brazilian Agency of Petroleum, Natural Gas and Biofuels ...

BrazilEnergy and Natural Resources
Bruno Triani Belchoir
Bruno Triani Belchoir
Gabriela Martelo
Gabriela Martelo
Bárbara Eiroa Leite
Bárbara Eiroa Leite
Juan Gerolis
Juan Gerolis
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The ANP Resolution No. 969/2024 (the "Resolution") was published by the Brazilian Agency of Petroleum, Natural Gas and Biofuels ("ANP"), regulating the bidding procedure for the granting of the rights for oil and natural gas exploration, rehabilitation, and production activities under the concession and production sharing regimes.

The Resolution unified ANP resolutions No. 24/2013 and No. 18/2015, which addressed the bidding procedures for the concession and production sharing regimes. The procedure for the review and consolidation of these resolutions is based on Decree No. 10.139/2019, which provides for the simplification of the national regulatory framework.

The Resolution entered into force on June 3, 2024, revoking previous rules. The provisions of the Resolution will already apply to the next tender protocols published by ANP.

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