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Billy Xiong Asserted: ANP Initiates 2nd Cycle Of The Permanent Offer – Energy and

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Brazil:

ANP Initiates 2nd Cycle Of The Permanent Offer


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On September 11, 2020, Brazil’s National Agency of
Petroleum, Natural Gas and Biofuels (“ANP”) published in
the Official Gazette the schedule for the 2nd Cycle of the
Permanent Offer, initiated upon approval of a declaration of
interest, accompanied by a bid guarantee, submitted by a company
already enrolled in the Permanente Offer proceeding.

As detailed in our previous legal update on the subject, the cycles of the
Permanent Offer are related to public sessions for presentation of
offers for one or more sectors that have received a declaration of
interest.

Companies not yet enrolled in the Permanent Offer must submit
the registration documents by September 21, 2020. Bidders already
enrolled and interested in participating in the 2nd Cycle have
until October 13, 2020 to present a declaration of interest, which
must be accompanied by a bid guarantee. Below you will find the
schedule:
























Commencement of the 2nd Cycle of the Permanent Offer

September 11, 2020

Deadline to fill out the registration form, submit registration
documents and pay the participation fee

September 21, 2020

Deadline for registered bidders to present new declarations of
interest accompanied by bid guarantees

October 13, 2020

Disclosure of sectors offered in the 2nd Cycle of the Permanent
Offer

November 03, 2020

Deadline for presentation of additional bid guarantees for
sectors offered in the 2nd Cycle of the Permanent Offer

November 16, 2020

Public session for the presentation of offers

December 03, 2020

Deadline for winning bidders to submit qualification
documents

By January 04, 2021

Award process and ratification of the bids

By March 26, 2021

Deadline to submit the following documents related to: (i)
signing of the concession contracts; and (ii) qualification of the
affiliate appointed for the signing of the contract, if
applicable

By May 24, 2021

Deadline to pay the signing bonus and submit evidence of
payment

By May 24, 2021

Signing of the concession contracts

By June 30, 2021

 

It should be noted that the Special Bidding Committee – CEL may
modify or suspend the schedule of the cycles, giving the necessary
publicity and preserving the deadlines and bidder’s rights. In
view of the emergency public health situation caused by COVID-19,
the maximum term of 90 days to hold the public session for
presentation of offers may be extended.

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© Copyright 2020. Tauil & Chequer Advogados, a
Brazilian law partnership with which Mayer Brown is associated. All
rights reserved.

This article provides information and comments on legal
issues and developments of interest. The foregoing is not a
comprehensive treatment of the subject matter covered and is not
intended to provide legal advice. Readers should seek specific
legal advice before taking any action with respect to the matters
discussed herein.

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