Further 31 contracts signed under Brazil’s 11th oil and gas round

Submitted by Sebastião Martins on Wed, 2013-09-18 13:17

18th September 2013

ANP signs additional 31 concession contracts with 8 companies as part of country’s USD 1.8bn 11th oil and gas tender

Further 31 contracts signed under Brazil’s 11th oil and gas round

Eight companies were cleared to explore for oil and gas in several blocks

Brazil’s USD 1.8bn 11th oil and gas round saw a further 31 concession contracts signed on Tuesday, the country’s national oil and gas regulator announced, bringing the total number of contracts since August to 118.

Eight companies were cleared to explore for oil and gas in several blocks. Petra Energia claimed the most blocks (15), followed by Geopark (7), Brasoil Manati (3) and OGX (1).

Five blocks were assigned to more than one stakeholder. Chevron and Ecopetrol will share one block on an equitable basis, with Petra Energia controlling 70 per cent of the remaining four blocks, two of which will be shared with Queiroz Galvão and the other two with Niko Resources.