Insight
Open acreage kicks off the 2019 bid round agenda in Brazil
Report summary
On 10 September, the first round of the country’s open acreage program closed with the award of 33 exploration blocks and 12 areas containing marginal accumulations. Fields were offered under a concession regime and signature bonuses totaled US$5.5 million. More than US$75 million of investment is expected via work commitments. Boosted by the recent opening of the gas market, this round provided opportunities for small independent companies to invest in areas that attracted minor interest in the past.
Table of contents
- What is the open acreage program?
- Onshore northeast Brazil dominates the round
- Eneva consolidates position in Parnaiba and Petro-Victory bets on Potiguar
- How open acreage supports Brazil’s long-term plans
Tables and charts
This report includes 5 images and tables including:
- Fiscal benchmark for small, low-cost onshore and offshore fields across Latin America
- Most of the acreage awarded is in Parnaiba basin with no bids in Campos
- Most of the investment will come from work commitment in Parnaiba and Sergipe-Alagoas
- From the 50 companies registered, 19 placed bids and only Petroborn left with no blocks
- Eneva increased onshore acreage through six blocks in Parnaiba
What's included
This report contains:
Other reports you may be interested in
Asset Report
Vizcachitas copper mine project
A detailed analysis of the Vizcachitas copper mine project.
$2,250
Asset Report
Chapada copper mine
A detailed analysis of the Chapada copper-gold mine in Brazil.
$2,250
Country Report
Lebanon upstream summary
Limited exploration drilling has so far disappointed. Lebanon has no proven oil and gas reserves, but hopes that the prolific deepwater ...
$3,400