Of this total, 94% will be directed at well drilling, as per the country’s oil, natural gas, and biofuel authority ANP. At the end of last year, blocks under contract in the exploration phase totaled 295—up 24% from 2021’s 238.
Brazil’s National Agency for Oil, Natural Gas, and Biofuels (ANP) announced that nine companies have been authorized to present proposals under the “permanent offer” model in the areas for the exploration and production of oil and natural gas in the country’s sedimentary basin
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