6th pre-salt bidding round set for November 7

Five blocks across a total area of about 8,640 km² in the pre-salt Campos and Santos sedimentary basins will be on offer in the 6th pre-salt bidding round on November 7. The concession agreements resulting from the round are expected to be signed by March 2020.

ANP has announced the auction will take place under the sharing regime and will have fixed signing bonuses, with the winning groups offering the highest percentage of surplus oil to the government. The signing bonuses range from R$500 million to R$5.05 billion, with the minimum percentages of surplus oil being between 22.87% and 36.98%.

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