ANP: Round 5

The National Oil Agency (ANP) held the 5th Cycle of the Permanent Concession Offer (OPC) this week, delivering record-breaking results. The auction raised R$ 989.3 million in signing bonuses, the highest amount ever recorded among all OPC cycles. This figure represents a 500% increase over the minimum established in the tender, reaffirming the success of the round and the strong appeal of Brazil’s exploration potential.

Planned investments for the exploration phase alone total R$ 1.46 billion, signaling market confidence in Brazil’s reserves and growing appetite for new frontiers, particularly in areas drawing global attention such as the Equatorial Margin.

“The result was very positive and demonstrates investors’ confidence in Brazil’s exploratory potential. We saw a premium of nearly 3,000% in Equatorial Margin blocks. This was the first time areas in that region were offered under the permanent offer model,” noted ANP’s Acting Director-General, Patricia Baran.

A total of 34 blocks were awarded to nine companies, covering both onshore and offshore assets. The areas are distributed across the Parecis Basin (onshore), and the Foz do Amazonas, Santos, and Pelotas Basins (offshore). Petrobras played a central role, securing ten blocks in the Foz do Amazonas Basin and three in the Pelotas Basin.