New Resolution On Bidding Procedures Under Concession And Production Sharing Regimes

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The ANP Resolution No. 969/2024 (the "Resolution") was published by the Brazilian Agency of Petroleum, Natural Gas and Biofuels ...
Brazil Energy and Natural Resources
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The ANP Resolution No. 969/2024 (the "Resolution") was published by the Brazilian Agency of Petroleum, Natural Gas and Biofuels ("ANP"), regulating the bidding procedure for the granting of the rights for oil and natural gas exploration, rehabilitation, and production activities under the concession and production sharing regimes.

The Resolution unified ANP resolutions No. 24/2013 and No. 18/2015, which addressed the bidding procedures for the concession and production sharing regimes. The procedure for the review and consolidation of these resolutions is based on Decree No. 10.139/2019, which provides for the simplification of the national regulatory framework.

The Resolution entered into force on June 3, 2024, revoking previous rules. The provisions of the Resolution will already apply to the next tender protocols published by ANP.

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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