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February 16, 2022
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ANP discloses sectors for the 3rd Cycle of the Permanent Concession Offer

ANP: Deadline for new applications for Permanent Offer expires tomorrow

Fourteen sectors distributed in seven basins in the country will be offered in the 3rd Cycle of the Permanent Concession Offer (OPC), whose public session is scheduled for next April 13th. The decision was taken at a meeting of the Special Bidding Commission (CEL) of the National Agency for Petroleum, Natural Gas and Biofuels (ANP), held yesterday (15). The disclosure of the sectors and basins that make up the exploratory blocks took place today (16).ANP discloses sectors for the 3rd Cycle of the Permanent Concession Offer

Two sectors are located in the Espírito Santo Basin; one in the Pelotas Basin; four in the Potiguar Basin; three in the Recôncavo Basin; one in the Santos Basin; two in the Sergipe-Alagoas Basin; and one in the Tucano Basin.

According to the Permanent Offer rules, the sectors defined for a cycle are those that received declarations of interest from previously registered companies, accompanied by an offer guarantee and approved by the Special Bidding Commission. The registered bidders submitted declarations of interest accompanied by an offer guarantee for any sectors included in the notice of the 3rd Cycle of the Permanent Concession Offer until the last day 3. From now on, they will have until March 14 to present new declarations of interest , accompanied by a guarantee of supply, for the sectors already defined for the 3rd cycle of the OPC.

Permanent Offer

As informed by the ANP, the Permanent Offer is a bidding format for awarding contracts for exploratory blocks and areas with marginal accumulations for exploration or rehabilitation and production of oil and natural gas. This format provides for the continuous offer of fields returned or in the process of being returned, blocks offered in previous bids and not auctioned or returned to the Agency, in addition to new exploratory blocks in onshore basins under study by the ANP.

Currently, there are two types of Permanent Offer: the Permanent Concession Offer (OPC), which is already in its 3rd cycle; and the Permanent Production Sharing Offer (OPP), currently in the preparation phase of the bidding instruments.

The ANP clarified that the bidding modality introduced by the Permanent Offer cycles prevents companies from having to wait for a “traditional” bidding round to have the opportunity to bid for a block or area with marginal accumulation, which becomes permanently on offer. In addition, companies have as much time as they deem necessary to study the technical data in these areas before making an offer, without the limited period of the public notice for a normal round or auction.

Upon approval of its registration in the process, the company can declare interest in any sector offered in the public notice, forwarding this declaration to the ANP, accompanied by an offer guarantee. The company must also identify all the sectors in which it intends to present offers in the public session that will be held later.

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