Auction of oil and gas areas raises R$421 million for the government

15 oil companies purchased 192 oil and gas exploration blocks at the ANP auction, collecting interest and granting contracts for presence in basins and exploration frontiers.

Petrobras purchased 29 blocks in Pelotas, all as operator and with Shell as a partner. With emphasis on Pelotas, the basin that represented the largest volume of government revenue in the auction. The event was also marked by the presence of Elysian, a company created in August to participate in the selection process.

Of the total of 602 blocks offered, fifteen oil companies purchased 192 oil and gas exploration blocks in Brazil at auction from the regulator ANP under a concession regime. The auction raised a total of 421,7 million reais for the government, with more than 70%, or 298,74 million reais, referring to the Pelotas Basin.

ANP Basin Exploration Concession Auction

The National Agency for Petroleum, Natural Gas and Biofuels (ANP) recently announced the holding of a concession auction for the exploration of oil basins. This one contest aims to raise funds for the government, in addition to promoting presence of new investors in the oil and gas exploration sector.

ANP Regulator and the Concession Auction

The ANP, as the sector's regulator, is responsible for holding concession auctions for the exploration of oil and gas areas. These auctions aim to attract companies interested in forming consortiums to explore the areas offered.

Analysis and Recommendation for Concession Auction

Before holding the auction, the ANP carries out an analysis of the areas to be offered, taking into account the work? of oil and gas, the contracts existing concessions, the production current, in addition to the T available for exploration.

Collection and Interest in the Concession Auction

The concession auction results in the collection of resources for the government, which can be used for investments in various areas. In addition, winning companies must pay interest on the winning amounts, which also contributes to revenue.

Exploratory Frontier and Basins at Auction

The areas offered in concession auctions generally include sedimentary basins located in exploratory frontier regions, where there is significant potential for the discovery of new oil and gas reserves.

By promoting concession auctions, the ANP seeks to encourage the development of the oil and gas sector in Brazil, attracting investments and stimulating competition among companies interested in exploring the country's rich reserves. By holding well-structured competitions and based on careful analysis, the agency can guarantee a favorable environment for the growth of the energy industry, benefiting the economy as a whole.

Source: moneytimes