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Signing of contracts

Published: Wednesday, 08 November 2017 14:30 | Last Updated: Wednesday, 22 November 2017 15:40

The ANP endorsed the judgment reports of the Special Bidding Round Committee (CEL) and awarded the object of bidding to the winners, as decisions published in the Official Gazette of 8th November 2017.

The awarded bidders of the public offerings under the terms of the 9th section or their affiliates will then sign the contracts for concession agreements with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) for exploration and production and oil and natural gas.

For the signature and execution of the concession contracts, the bidders or affiliates indicated by them must present their documents and guarantees, as well as prove the payment of the signature bonus, within the deadlines defined in Table 1, as below:

Table 1 – 3rd Production Share Bidding Round
Events
Date
11/08/2017
11/08/2017
Until 12/11/2017
01/31/2018*

 

*The previous date was changed by decision of ANP’s Collegiate Board published on DOU in 11/08/2017.

Documents for execution of the production sharing agreements shall be submitted in a single copy, regardless of the number of blocks won, except for the documents detailed in sections 10.1.2, 10.1.3, 10.1.4 and 10.1.5 (when applicable), which shall be submitted per agreement executed.

The winner may delegate execution of the production sharing agreement to an Affiliate, according to the 10.2 tender protocol section, with its principal place of business and management in Brazil. For execution of the production sharing agreement, the delegated affiliate shall submit the documents provided for in sections 10.1.2, 10.1.3, 10.1.6, and, if applicable, 10.1.4 and 10.1.5, and shall obtain the economic, financial, and legal qualification at the minimum level required to execute the agreement, in addition to evidence its tax and labor compliance.

The signature bonus shall be paid through Federal Government Payment Form (GRU), as instructed on this link.

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