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ARTICLE · 12 JULY 2013

Preliminary Tender Protocol Of 1st Pre-Salt Round Is Published

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The Brazilian National Agency of Petroleum, Natural Gas and Biofuels ("ANP") published, on July 09, the Preliminary Tender Protocol for the first bidding round for the pre-salt area.

BrazilEnergy and Natural Resources
Alexandre R. Chequer
Alexandre R. Chequer
Leonardo Costa
Leonardo Costa
Victor Galante
Victor Galante
Bruno Belchior
Bruno Belchior
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Keywords: ANP, preliminary tender protocol, pre-salt area

The Brazilian National Agency of Petroleum, Natural Gas and Biofuels ("ANP") published, on July 09, the Preliminary Tender Protocol for the first bidding round for the pre-salt area. The bidding will be held on October 21 of this year and will exclusively offer the prospect of Libra, an area with a recoverable volume estimated at between 8 and 12 billion barrels of oil.

The 1st Pre-salt Round will be held under the production sharing rules approved in Law 12.351/2010, which appointed Petrobras as the sole operator of the pre-salt areas with a minimum 30% interest. Therefore, the object of the bidding will be the remaining 70% stake for participation as non-operator.

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