Insight
Brazil's 2019 exploration bid rounds: more pre-salt blocks on offer
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Report summary
The upstream scenario in Brazil will see more action in the last quarter of 2019 with two highly competitive bid exploration rounds. Concession Round 16 (10 October) and PSC Round 6 (7 November) will offer 41 blocks in five offshore basins in deep and ultra-deep waters totalling 38,000 km2 in acreage. Adding more flavour, the Transfer of Rights surplus DRO round is scheduled between these two rounds. As in previous auctions, we expect competitive bidding to be concentrated in the Campos and Santos basins. Petrobras has already required mandatory operatorship of three PSC blocks of Round 6 with 30% participation.
Table of contents
- What is being offered?
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Terms and conditions – record-breaking bonuses keep getting higher
- Concession Round 16
- PSC Round 6
- Fiscal attractiveness – pre-salt exposure at a price
- Round expectations – fierce competition for pre-salt blocks
Tables and charts
This report includes 5 images and tables including:
- Brazil rounds will offer 38,000 km2 of offshore exploration acreage, most of which in Campos and Santos basins
- Number of blocks and acreage offered in the Round 16 and Round 6
- Signature bonuses of Rounds 15 and 16 blocks located in the Campos and Santos basins
- Comparison of concession rounds 15 and 16
- Blocks in the 2018 and 2019 PSC rounds
What's included
This report contains:
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