{"id":17177,"date":"2025-10-23T13:05:39","date_gmt":"2025-10-23T16:05:39","guid":{"rendered":"https:\/\/cmalaw.com\/?post_type=contents&p=17177"},"modified":"2025-10-23T13:05:39","modified_gmt":"2025-10-23T16:05:39","slug":"3rd-cycle-of-the-permanent-offering-under-the-production-sharing-agreement-marks-advancement-of-the-pre-salt-and-entry-of-new-players-into-the-sector","status":"publish","type":"contents","link":"https:\/\/cmalaw.com\/homolog\/contents\/3rd-cycle-of-the-permanent-offering-under-the-production-sharing-agreement-marks-advancement-of-the-pre-salt-and-entry-of-new-players-into-the-sector\/","title":{"rendered":"3rd cycle of the permanent offering under the production sharing agreement marks advancement of the Pre-salt and entry of new players into the sector"},"content":{"rendered":"

On October 22, 2025, the National Agency for Petroleum, Natural Gas and Biofuels (ANP) held the public session of the 3<\/strong><\/span>rd<\/strong> Cycle of the Permanent Offer of Production Sharing (OPP)<\/strong>, the \u201c<\/span>3<\/span>rd<\/span> Cycle of the OPP<\/span>\u201d, as per Law No. 12,351\/2010.<\/span>\u00a0<\/span><\/p>\n

The 3<\/span>rd<\/span> Cycle of the OPP stood out as one of the most relevant in recent years, both for the diversity of participants, and for the expansion of the areas offered, and yielded strong results in terms of competitiveness and revenue generation.<\/span>\u00a0<\/span><\/p>\n

This OPP edition was marked as the broadest range of participants since the production sharing regime\u2019s enactment, reflecting improvements on the bidding rules and the growing attractiveness of the production sharing regime, which, for the first time, included independent companies alongside major oil companies.<\/span>\u00a0<\/span><\/p>\n

Seven blocks located in two basins within the Pre-Salt Polygon were auctioned: (i) Esmeralda and Ametista in the Santos Basin; and (ii) Citrino, Itaimbezinho, Onix, Larimar, and Jaspe in the Campos Basin.<\/span>\u00a0<\/span><\/p>\n

The execution of the production sharing contracts is expected by May 29, 2026.<\/span>\u00a0<\/span><\/p>\n

Results: Revenue Generation<\/span><\/b>\u00a0<\/span><\/h3>\n