ANP rounds: historical aspects focused on the variables of the bidding process

Abstract

The bidding rounds of the National Petroleum, Natural Gas and Biofuels (ANP) have been taking place in Brazil since the fall of Petrobras' monopoly, through Law 9478 1997. Since then, the ANP and the National Council of Energy Research (CNPE) was created with the aim, among others, to promote free competition, attract investment in energy production and increase the country's competitiveness in the international market. From this, many companies were created and other foreign became part of the hall of investors and explorers throughout the country. Sometimes the understanding of the bidding process is incipient by many technical professionals in the E&P industry, leaving part of decisions and involvement of this process for managers who, in turn, can ignore fundamental technical aspects at the time of bid to obtain the blocks. We aimed to, through this work, describe succinctly and objectively the bidding judgment variables: Signature Bonus (BA) Minimum Exploratory Program (PEM) and Local Content (CL) – and, most of all, how the technician can influence this process before the bidding round.