ANP ratifies results of the 3rd production sharing permanent offer cycle
On February 2, 2026, the ratification of the results of the 3rd Production Sharing Permanent Offer Cycle (OPP) was published in the Federal Official Gazette. In the auction held on October 22, 2025, five blocks located within the presalt Polygon were awarded, with a total signing bonus of BRL 103 million and minimum exploration phase investments amounting to BRL 451 million.‑salt Polygon were awarded, with a total signing bonus of BRL 103 million and minimum exploration‑phase investments amounting to BRL 451 million.
The next steps include the deadline for payment of the signing bonus and submission of the respective evidence thereof (by March 27, 2026), as well as the deadline for submitting the documents required for execution of the production sharing contracts, including: (i) documentation for contract execution; and (ii) qualification documents for any affiliate proposed to execute the contract, where applicable. ‑sharing contracts, including: (i) documentation for contract execution; and (ii) qualification documents for any affiliate proposed to execute the contract, where applicable.
Upon completion of these steps, the production sharing contracts will be executed, with the start of the commitments undertaken by the winning bidders.‑sharing contracts will be executed,
ANP approves draft bidding protocol for the next OPP, including 17 new exploratory blocks
On January 26, 2026, ANP’s Board approved the draft of the updated notice for the Production Sharing Permanent Offer (OPP). The new document now includes 26 exploratory blocks, with the addition of 17 new blocks to the previous version, as well as updated technical-economic parameters for the areas offered. However, the rules established in the most recent notice and in the draft production sharing contracts remain unchanged.‑economic parameters for the ‑sharing contracts remain unchanged.
The next steps include submission of the draft notice to the Ministry of Mines and Energy for review, followed by a public hearing conducted by ANP. After final approval by ANP and MME, the updated notice will be published.
