Brasil Round 8 Guide

Bid submission procedures

» Can be presented by companies qualified as operators, or by any consortia where all the members are individually qualified and the leader is qualified as an operator. If a consortium is created, the operator must hold 30% of the consortium and the non-operators, at least 5%.

» The bids must comply with the Tender Protocol Statements, according to the minimum values of Signature Bonus, Minimum Exploration Program (MEP) and Local Content (minimum and maximum).

» The bids must be presented for blocks of the sector to be announced. If a company presents bids in different consortia of the same sector, there must be a different envelope for each consortium composition.

» No block can receive more than one bid of the same company (alone, as an operator or in consortium). Special Tender Commission will disqualify all bids of a company in the same block.

» The bid conference will follow the sequence of the sectors and blocks of the Final Tender Protocol. In this bid round, the sectors were split in two, according to the exploration model (new frontier and high potential). Be aware that these sectors will be announced separately.

» If a consortium present bids in a number higher than the restrictions of that sector, these will be considered only up to the limit of allowed winning bids according to the order of the block. Further bids won’t be read or considered valid.

Disclaimer: This guide is only for purposes of general overview of the bid conference for the qualified companies. All the official information and details of the process are provided in the Final Tender Protocol.