ANP puts 110 billion barrels on Hock with giant offerings

摘要

THE Brazilian National Petroleum Agency (ANP) has unveiled extra details about the blocks to be offered in the forthcoming sixth pre-salt auction and 16th licensing round, with the acreage pegged as holding unrisked volumes of more than 110 billion barrels of oil in place. The ANP aims to raise 11.6 billion reais ($3 billion) in signature bonuses if all blocks in the 16th round, scheduled for 10 October, and the sixth pre-salt round, earmarked for 7 November, are sold for the minimum price. "The two rounds are incredible opportunities. Our goal is to have multiple companies operating in different plays," said ANP director Felipe Kury.