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Brazil 3rd Block Bidding Round of Production Share

TThe Final Tender Protocol brings the rules and procedures of the 3rd Bidding Round of Production Sharing sets forth rights and obligations of the future contractors.

The final tender protocol and the model of production sharing agreements furnish improvements in relation to the draft tender protocol and to the draft of production sharing agreements, published on July 5th, 2017. The contributions received during the period of public consultation and public hearing 15/2017 were assessed by ANP and those considered as relevant were used for the improvement of the tender documentation. The tables which consolidate the contributions, the deliberation of ANP, as well as their respective justifications are available for download at Page: Public Consultation and Public Hearing.

In accordance with art. 10, V, of Law 12,351 / 2010, the tender protocol and the models of the production-sharing agreement were approved by the Ministry of Mines and Energy through Official Letter No. 575/2017 / GM-MME, dated August 22, 2017 (in Portuguese).

The full content of the final tender protocol, which contains the model of the production sharing agreements, is available for download in word and pdf formats.

Indicative Schedule

Event Date
Publication of the draft tender protocol and the draft production sharing agreement 07/05/2017
Beginning of the period for submitting the documents to express interest, qualification, and payment of the participation fee 07/06/2017
Provision of the technical data package¹ 07/06/2017
Final deadline for additions to the draft tender protocol and the draft production sharing agreement and end of public consultation 07/21/2017
Public hearing (city of Rio de Janeiro) 07/25/2017
Publication of the tender protocol and the form of production sharing agreement 08/23/2017
Technical seminar 08/17/2017
Environmental, legal, and tax seminar 08/24/2017
Final deadline for submitting the documents to express interest, qualification and payment of the participation fee 09/08/2107
Deadline for provision of bid bonds 10/11/2017
Public session for submission of bids 10/27/2017
Award of the object and homologation of the bidding process Until 11/09/2017
Final deadline for submission of the following documents: (1) execution of the production sharing agreements; and (2) qualification of the affiliate indicated to execute the concession agreement, if that is the case Until 12/11/2017.
Deadline for payment of the signature bonus and submission of the receipt Until 12/11/2017.
Execution of the production sharing agreements Until 12/29/2017.

This schedule is preliminary and just indicative. ANP may modify or suspend it, provided appropriate notice is given.

Notes:

¹ The technical data package shall be made available to the bidders according the item 6.1 of tender protocol.