A comparative study of bidding models adopted by Brazil, Peru, Colombia and Uruguay for granting petroleum exploration and production rights

Best practice in license allocation in the oil and gas industry: A review of five countries

“…In countries where the government has exclusive control of natural resources (resource nationalism), it can be required that the exploration and production of hydrocarbons be done exclusively by the NOC or through a joint venture (JV) between the NOC and foreign companies, as happens in Russia and Venezuela (Domjan and Stone, 2009;Braga and Campos, 2012). In the case of JV, partnerships tend to be favoured the NOC, which usually own at least 51% of the license (Shapovalova and Stephens, 2019).…”

Policy Considerations Around India's Upstream Reforms

“…01/2013 covering incentives for the involvement of small and mediumsized players in the upstream sector. The Resolution mandated that the ANP 33 must hold annual bidding rounds focused on blocks in mature basins and inactive areas with marginal fields (Braga and Campos, 2012). In 2017, the government held a fourteenth bidding round for concessions, a second and third round for PSCs, and a fourth round for marginal accumulations.…”

OIL & GAS INDUSTRY IN BRAZIL: A BRIEF HISTORY AND LEGAL FRAMEWORK

“…Several factors have caused changes in many Latin American markets, especially economic and political factors; among the most important are a rise in the international price of fossil fuels, including oil and gas, and the importance of energy security (BRAGA and CAMPOS, 2012). In Brazil, the recently announced discovery of potential largescale reserves has trigged intense debate and resulted in a new legal framework (IBP, 2013).…”