Brazil's Round 6 tender involves process, tax law changes

07/26/2004
With the help of analysts and experts, oil companies have been assessing changes in Brazil's tax laws and new rules by the national petroleum authority, Agencia Nacional de Petroleo (ANP), for the upcoming Round 6 tender."The ANP's innovations are bringing its concession contracts and bidding procedures closer and closer to 'typical international standard,' with continuing innovations favoring the participation of medium-sized and smaller companies," said consultants with Macleod Dixon LLP in Rio de Janeiro. "However, indications so far are that the world's largest players are looking seriously at this opportunity to return to Brazil's [exploration and production] ...
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