Brasil Round
5 was held on August 19 and 20, 2003 in Rio de Janeiro.
Of
the
908 blocks offered, 101 were awarded to 6 companies, totaling
an area
21,951 km2 conceded.
The total for the Signature Bonus reached R$27,448,493.
For
the
Minimum Exploration Program, 21,951 Work Units were
offered,
allowing an
estimated minimum investment of over R$ 350 million
during
the
Exploration Phase.
Some important changes to the bidding system for exploratory
blocks
were implemented in Brasil Round 5. The documents that
were
published
during this round remain available, such as the Final
Tender
Protocol,
the Concession Contract and the Environmental Licensing
Guidelines
prepared by IBAMA.
