São Paulo – The Brazilian government has established the Program for Enhancement of Exploration and Production Bids for Oil and Natural Gas (BidSIM) and its interministerial board as per decree published last Monday (13) on the Federal Gazette. It aims at increasing competitivity and attractiveness of exploration and production bid rounds for oil and natural gas in Brazil.
The committee will suggest enhancements in governance and methodology in the exploration and production bid rounds for oil and natural gas. It will feature members of the ministries of the Ministry of Mines and Energy, Chief of Staff, Ministry of Economy and the National Agency for Petroleum, Natural Gas and Biofuels (ANP). The Ministry of Mines and Energy will coordinate the group. The committee will have 180 days to complete the work, renewable once.
Translated by Guilherme Miranda
