Brazil begins first open licensing round

Brazil's Exploration Acreage Offering [436,029 bytes] Brazil's National Petroleum Agency (ANP) has conducted road shows promoting its first open licensing round. The first presentation took place Jan. 14 in Rio de Janeiro, where the agency outlined details of the 27 blocks being offered. Following the that show, ANP made identical presentations in Houston and London. Last year, the agency sent letters to about 500 oil companies around the world inviting them to participate in its first open bidding round. It presented a draft bid notice for prequalified parties on Jan. 14 in Rio de Janeiro. The deadline for pre-qualification is mid-April. ...

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