ANP 16th Round Attracts Record R$8.9bn Signings

(ANP, 10.Oct.2019) — The 16th Bidding Round collected R$ 8.9 billions in signature bonuses, a record value among the concession rounds already held in Brazil. The round will generate investments of at least R$ 1.58 billion in the first phase of the concession contracts alone (exploration phase).

Twelve of the 36 maritime blocks offered were acquired, with an average goodwill of signature bonus of 322.74%. The block C-M-541, in the Campos Basin, had the largest signature bonus ever offered to a block in concession rounds, about R$ 4.03 billion. In all, 11 companies from nine countries made offers, ten of which acquired blocks. The total area acquired was about 11.8 thousand km².

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For the Minister of Mines and Energy, Bento Albuquerque, present at the public session, the bid exceeded all expectations. “The auction had a record in offered signature bonus. This shows that the policy for the oil and natural gas sector is on track and opens new prospects for the Transfer of Rights Surplus Bidding Round and the 6th Production Sharing Round, which will be held this year”, he noted. 

The Director-General of ANP, Décio Oddone, highlighted the importance of the investments that will be generated. “As a result of this round, we estimate from three to four new offshore platforms in the states of Rio de Janeiro and São Paulo, a production of 400 to 500 thousand barrels per day and a collection of around R$ 100 billion in taxes and government takes on the course of the projects ”, he said. 

In addition to the Minister and ANP’s Director-General, other authorities, representatives of companies and the ANP directors Aurélio Amaral, Amorelli Júnior, Felipe Kury and Cesário Cecchi also attended.

See below the blocks acquired in the 16th Round:

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