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3. Resolutions establish emergency measures in the current scenario to minimize the impacts on the oil and natural gas exploration sector

Resolutions establish emergency measures in the current scenario to minimize the impacts on the oil and natural gas exploration sector

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On April 20, 2020, the National Petroleum Agency (ANP) published two resolutions that establish new procedures to be adopted by companies operating in oil and natural gas exploration and production activities, while the public health emergency continues.

ANP Resolution N. 815/2020 allows contracted companies to extend the Exploration Phase of E&P contracts for nine months.

ANP Resolution 816/2020 establishes measures regarding the relaxation of some contractual obligations in the Exploration and Production Phase, including access to the ANP Exploration and Production Database (BDEP), operational safety and environment, price of reference for natural gas, investments in Research, Development and Innovation (RD&I) and also for Local Content.

These are relevant emergency measures in the current scenario to minimize the impacts on the oil and natural gas exploration sector.

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