ANP Holds Auction For Permanent Sharing Offer And Ensures Future Investments For Brazilian Pre-Salt Oil Blocks

The Permanent Sharing Offer Auction Was a Success and Ensured the Victory of Six Companies. With the Event Held by ANP, the Pre-Salt Oil Sector Now Benefits from Strong Million-Dollar Investments Over the Coming Years.

The National Agency of Petroleum, Natural Gas and Biofuels (ANP) held the permanent sharing offer auction on Friday, (12/16), including, for the first time, the national pre-salt oil blocks. Thus, six companies were the winners of the auction, with investments expected to be around R$ 432 million over the next few years. The sector will thus have new job opportunities, income generation, and even larger projects for exploration and production of fuels.

Nine Companies Participated in the Permanent Sharing Offer Auction, Which Offered a Total of 11 Pre-Salt Oil Blocks on Friday 

The first cycle of the permanent sharing offer, with the auction held by ANP, marked the debut of pre-salt oil blocks in this modality, expanding the horizons for the future of the sector in Brazil.

In total, there were 11 blocks on offer — Água Marinha, Norte de Brava, Itaimbezinho, Turmalina, Ágata, Bumerangue, Cruzeiro do Sul, Esmeralda, Jade, Sudoeste de Sagitário, and Tupinambá.

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Additionally, a total of nine companies participated in the event, seeking new projects and investments, namely: Petrobrás; Equinor; Shell; Chevron; BP Energy; Ecopetrol; Petronas; Qatar Energy Brasil; and TotalEnergies.

This model of oil block offer aims to contract the activities of exploration and production of oil and natural gas in blocks located in the pre-salt polygon and strategic areas, as determined by the National Energy Policy Council (CNPE).

Thus, the blocks offered by ANP are available to interested regulated agents, while companies can make their expressions of interest in advance.

The Permanent Sharing Offer Auction Was a Success, with Six Winning Companies and R$ 432 Million Projected in Investments 

In addition to ensuring the inclusion of pre-salt blocks in this regime, the execution of the permanent sharing offer auction by ANP also guarantees future investments and security for the sector.

This is because, by adopting this model of offer and concession of oil blocks, the agency allows companies to express their interests in Brazil in advance.

Thus, the victory of six companies in the auction not only guarantees them a prosperous future with profits from the exploration of the national pre-salt but also serves as a source of security regarding future investments in Brazil.

New exploration projects for oil blocks generate more income, jobs, and royalty payments to governments for the national economy, thus benefiting various municipalities that will host these enterprises.

According to ANP, investments after the permanent sharing offer auction are projected to be around R$ 432 million. Additionally, the profit oil percentage to be allocated to the Union is up to 220.48% above the floor established by the agency.

“The permanent sharing offer model aligns corporate and state interests, resulting in gains for society as a whole. The continuity of investments in the sector depends on the country’s ability to offer a secure and attractive business environment, and the permanent offer contributes exactly in this direction,” states the president of the Brazilian Institute of Petroleum and Gas (IBP), Roberto Ardenghy.

Thus, Brazil opens the doors for intensive and expansive growth of the national pre-salt in the coming years.