Brazilian regulator National Agency of Petroleum, Natural Gas and Biofuels (Anp) said last week it expects revenue of $425 billion from the 16th Exploratory Blocks Bidding Round.
The authority also expects $112 billion in investments, Kallanish Energy reports.
The bidding round is scheduled for Oct. 10, offering 36 blocks in five offshore sedimentary basins (Campos, Camamu-Almada, Jacuípe, Pernambuco-Paraíba and Santos), covering a total area of 11,300 square miles.
Block CM-541 in the Campos Basin has a minimum subscription bonus of $349 million. A total of four rounds are scheduled to be held this year.
“The amounts to be collected, added to the expected investments are unprecedented,” said Anp director Dirceu Amorelli, in a release.
“The gains in terms of production, hiring and job creation are equally important for the Brazilian State,” he added.
