Brazil energy council puts 11 pre-salt blocks on permanent offer

Brazil energy council puts 11 pre-salt blocks on permanent offer

13 Dec 2021

Brazil’s National Energy Policy Council (CNPE) has authorised the National Agency for Petroleum, Natural Gas and Biofuels (ANP) to place 11 pre-salt blocks in the Campos and Santos basins for permanent sale.

The total contract fee for the 11 blocks is estimated to be US$233m, according to the Brazilian Ministry of Mines and Energy. Under the production sharing regime, CNPE has approved the technical and economic requirements for their bidding.

Five of the blocks were offered in the 4th and 6th rounds of production sharing but were not purchased. These include the Norte de Brava, Boomerangue and Sudoeste de Sagittarius blocks.

The remaining six blocks to be offered in future auction rounds are Ágata, Água Marinha and Esmeralda in the seventh round and Jade, Turmalina and Tupinamba in the eighth round.

Should  commercial discoveries of oil or natural gas and subsequent development of production occurs

The Ministry of Mines and Energy believes that the investment potential for all the blocks is US$15bn, should there be commercial discoveries of oil or natural gas and subsequent development of production.

For more information, please visit EICDataStream.

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