Brazil's ANP suspends bid round

April 3, 2020
Brazil's National Petroleum, Natural Gas, and Biofuels Agency (ANP) confirmed Apr. 1 the suspension of its 17th oil and gas bid round which was scheduled for this year.

Brazil's National Petroleum, Natural Gas, and Biofuels Agency (ANP) confirmed Apr. 1 the suspension of its 17th oil and gas bid round which was scheduled for this year.

The agency complied with the determination of the Ministry of Mines and Energy which requested the temporary suspension, specifically those related to the publication of the pre-public notice and the draft contract, in view of the current economic and resulting from the COVID-19 pandemic.

The National Energy Policy Council (CNPE) will define a new schedule for the bidding process, which will be submitted for evaluation by its members.

Expected to be on offer are 128 blocks in the Maritime Sedimentary basins of Pará-Maranhão, Potiguar, Campos, Santos, and Pelotas.