Court order cancels Brazil’s eighth licensing round

12/04/2006
A federal judge in Brasila issued an injunction Nov. 27 suspending Brazil’s eighth oil and gas licensing round. The round was scheduled for Nov. 28-29 (OGJ Online, Nov. 27, 2006).The court objected to limits in the number of offers a bidder can make, a rule included by the National Petroleum Agency (ANP) for this bid round.A federal Workers Party congresswoman requested the injunction to “protect” state-owned Petroleo Brasileiro SA (Petrobras) from being limited in the number of offers it could submit. Petrobras, responsible for some 90% of Brazil’s oil and gas production, dominated previous rounds.Bidders also were unhappy about ANP’s exclusion of Campos and...
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