The National Agency of Petroleum, Natural Gas and Biofuels ("ANP")'s Board of Directors approved on January 7, 2015 the minutes of a new resolution that modifies the procedures to be adopted in the bidding rounds for the concession of exploration and production of oil and gas activities under the concession regime.

ANP published on the Federal Official Gazette of January 8, 2015 the Notice of Public Hearing and Consultation No. 1/2015 ("Notice") by which ANP informs that a Public Hearing concerning the new resolution shall take place on February 5, 2015, starting at 9:00AM, in the ANP's auditorium at Rio Branco Av., 65, 13th floor, Centro, Rio de Janeiro - RJ.

The Public Hearing will be preceded by a Public Consultation that shall start on January 9, 2015 and last for 20 days, as reported by the Notice. The new resolution will revoke the current ANP Resolution No. 27 of June 2, 2011.

All information related to the minutes of the new resolution, as of the Public Hearing and Consultation, can be found on the following website:

Visit us at Tauil & Chequer

Founded in 2001, Tauil & Chequer Advogados is a full service law firm with approximately 90 lawyers and offices in Rio de Janeiro, São Paulo and Vitória. T&C represents local and international businesses on their domestic and cross-border activities and offers clients the full range of legal services including: corporate and M&A; debt and equity capital markets; banking and finance; employment and benefits; environmental; intellectual property; litigation and dispute resolution; restructuring, bankruptcy and insolvency; tax; and real estate. The firm has a particularly strong and longstanding presence in the energy, oil and gas and infrastructure industries as well as with pension and investment funds. In December 2009, T&C entered into an agreement to operate in association with Mayer Brown LLP and become "Tauil & Chequer Advogados in association with Mayer Brown LLP."

© Copyright 2015. Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. All rights reserved.

This 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.