Information on the block BM-C-11

    Campos Basin

    This block, located in deep water, in the Rio de Janeiro State, has an area of 2109 sq. km. 2443 km of 2D seismic lines are available at ANP´s Exploration and Production Data Bank.

    The Exploration Phase of the BM-C-11 block lasts 8 years, divided in 3 Exploration Periods. The Minimum Work Program is as follows:

    Period

    Duration (years)

    Minimum Work Program

    1

    3

    2,000 km of 2D seismic

    2

    3

    2 wells

    3

    2

    2 wells

    A minimum bonus of R$ 300,000 is required for this block.

    The points allocated to each bid are a result from of the following parameters:

  1. Value of the bonus offered, divided by the value of the highest bonus offered, multiplied by 85;

  2. Value of the percentage offered as commitment to acquire local goods and services in the exploration phase, divided by the highest percentage offered for the exploration phase, multiplied by 3;

  3. Value of the percentage offered as commitment to acquire local goods and services in the development phase, divided by the highest percentage offered for the development phase, multiplied by 12.

    4. Further details on the commitments, the block and the applicable legislation can be found at the website www.Brazil-Round3.com.

    For further information contact:

    Ivan de Araújo Simões Filho or Eliane Velloso

    Phone: + 55 21 3804 0021

    Terceira Rodada de Licitações - Brazil Round 3

    Fax: + 55 21 3804 0102/3/4

    Agência Nacional do Petróleo

    Rua Senador Dantas 105, 11o andar

    Brazil-Round3@anp.gov.br

    20031-201 - Rio de Janeiro, RJ - Brasil

    evelloso@anp.gov.br

    Agência Nacional do Petróleo - Terceira Rodada de Licitações