Offshore Success for Brazil's Hydrocarbon Economy
On March 29, 2018 Brazil’s ANP (National Agency of Petroleum, Natural Gas and Biofuels) announced that its 15th Bidding Round had been a great success, particularly in the offshore area.
A total of 68 blocks were offered, 47 in five offshore basins:
- Santos, Campos,
- and Ceará.
The remaining 21 blocks were in the onshore Paraná and Parnaíba Basins.
Although none of the onshore blocks available received bids, there were offers for all the offshore basins, with 22 blocks being awarded, covering an area of 16,400 km2 and raising a record-breaking 8 billion reais (US$2.42 billion) in signature bonuses, well above expectations.