Brazil Announces 11th Oil and Gas Bid Round


Click here to register for our webinar on the 11th Oil and Gas Bid Round, to be presented on February 21, 2013. 

Brazil’s President Dilma Roussef recently authorized the 11th Oil and Gas Bid Round. This Bid Round will highlight the Equatorial Margin, formed by the Foz do Amazonas, Pará-Maranhão, Barreirinhas, Ceará, and Potiguar basins, where recent discoveries have been announced.

For the 11th Bid Round, the government initially announced that 172 blocks would be offered, divided into 17 sectors and nine (9) sedimentary basins: Barreirinhas, Ceará, Parnaíba, Espírito Santo, Foz do Amazonas, Pará-Maranhão, Potiguar, Recôncavo and Sergipe-Alagoas.

However, the Brazilian Federal Government has more recently decided to offer an additional 117 exploration blocks in the 11th Bidding Round, including an additional

  • 65 blocks in the shallow and deep waters of the Foz do Amazonas Basin,
  • 36 blocks in the Tucano Sul Basin,
  • 10 blocks in the Pernambuco-Paraíba Basin, and
  • 6 deep water blocks in the Espírito Santo Basin.

With this change, there will now be a total of 289 exploration blocks put up for bidding, covering a total area of 155,712 km². The 11th Bid Round will use the concession contract model which has been in force in Brazil since 1997, and the local content rules used for the 2008 Bid Round will also be applicable.

ANP, the Brazilian National Hydrocarbons Agency, has published a calendar for the Bid Rounds that contemplates a March 26, 2013 deadline for submitting the required documents for an expression of interest, May 14-15 for submitting a bid, and August 2013 for execution of the awarded concession contracts. Dates for the Bid Round are subject to change by the ANP.



Start of the term for the delivery of documentation for the expression of interest and the documents required for Qualification and Habilitation

January 24, 2013

Data Package Availability

January 25, 2013

Beginning of Public Consultation

January 25, 2013

Final deadline for comments to the Pre-Tender package and end of public consultation

February 4, 2013

Public Hearing (Rio de Janeiro)

February 19, 2013

Tender and Concession Agreement published

March 11, 2013

Technical and Environmental Seminar

March 18, 2013

Tax and Legal Seminar

March 19, 2013

Final deadline for the delivery of documentation related to the Expression of Interest and Documentation related to Qualification and Habilitation

March 26, 2013

Final deadline for the payment of the Participation Fees

March 26, 2013

Final deadline for the presentation of the Bid Bonds

April 26, 2013

Offer presentation deadline

May 14 and 15, 2013

Concession Agreement Execution

August 2013


2013 is shaping up to be an active year for upstream Bid Rounds in Brazil. A Bid Round for non-conventional oil and gas is expected for later this year, as well as an additional Bid Round under the new production sharing contracts for the pre-salt layer.

For more information, please contact any of the following members of our Brazil Practice Team:

Larry B. Pascal


New York
Gilbert D. Porter


Bradley J.Richards


George Y. Gonzalez



Mexico City
William (Hunt) Buckley


*This client alert is solely for general informational purposes and shall not be deemed legal advice. Haynes and Boone, LLP is not licensed to practice Brazilian law.

Click here to register for our webinar on the 11th Oil and Gas Bid Round, to be presented on February 21, 2013.





Email Disclaimer