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Open acreage kicks off the 2019 bid round agenda in Brazil

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16 September 2019

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:

  • Document

    _Brazil`s open acreage round.xlsx

    XLSX 164.66 KB

  • Document

    Open acreage kicks off the 2019 bid round agenda in Brazil

    ZIP 1.23 MB

  • Document

    Open acreage kicks off the 2019 bid round agenda in Brazil

    ZIP 1.23 MB

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