On July 9 2013 the National Agency of Petroleum, Natural Gas and Biofuels (ANP) published a Portuguese draft of the preliminary tender package for the first production sharing bidding round.

The preliminary tender package lists the rules and procedures that companies willing to participate in this bidding round must follow. Among other documents, the draft of the new production sharing agreement has been made available.(1)

The schedule published by ANP regarding the bidding round is as follows:

EventsDates
Beginning of period for submission of expression of interest and qualification documentsJuly 10 2013
Availability of data packageJuly 10 2013
Beginning of public consultation periodJuly 10 2013
Deadline for submission of contributions to preliminary tender package and end of public consultation periodJuly 19 2013
Public hearing (Rio de Janeiro)July 23 2013
Publication of definitive tender package and production sharing agreementAugust 23 2013
Technical and environmental, legal and tax workshopsAugust 28 2013
Deadline for submission of expression of interest and qualification documentsSeptember 9 2013
Deadline for payment of participation fees and for submission of documents related to the 'participation' feeSeptember 9 2013
Deadline for submission of guaranteesOctober 7 2013
Deadline for clarifications regarding the tender packageOctober 7 2013
Submission of offers (bidding days)October 21 2013
Execution of the production sharing agreementEstimated November 2013

Companies interested in participating in the bidding round must present all the documents required for qualification and pay the participation fees by September 9 2013.(2) Sign-up for the event where the offers will be submitted starts on October 20 2013.

For further information on this topic please contact Bashir Karim Vakil at Karim Vakil & Cruz Vizaco Advogados by telephone (+55 21 8151 0018) or email ([email protected]).

Endnotes

(1) The drafts can be downloaded at www.kvcv.com.br/downloads.php.

(2) For further information and data regarding on the blocks being offered please visit www.brasil-rounds.gov.br/index_e.asp#.