Presidential Decree No. 113/21 granting to the National Oil, Gas and Biofuels Agency (ANPG) the mining rights for the prospection, research, evaluation, development and production of liquid and gaseous hydrocarbons in the Block 29 Concession Area.
Country
Type of law
Regulation
Abstract
This Presidential Decree, consisting of 7 articles and completed by two Annexes, aims at granting to the National Oil, Gas and Biofuels Agency (ANPG) the mining rights for the prospection, research, evaluation, development and production of liquid and gaseous hydrocarbons in the Block 29 Concession Area. The duration of the concession periods is as follows: a) Exploration period: 4 years, counting from the effective date of the Production Sharing Contract; b) Production period: 25 years for each development area, counted from the date of declaration of the respective commercial discovery.
Attached files
Web site
Date of text
Entry into force notes
This Presidential Decree enters into force on the day of its publication.
Repealed
No
Serial Imprint
Diário da República, I Série, No. 76.
Source language
English
Legislation Amendment
No
Original title
Decreto Presidencial n. 113/21 - Atribui à Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) dos direitos mineiros para a prospecção, pesquisa, avaliação, desenvolvimento e produção de hidrocarbonetos líquidos e gasosos na Área da Concessão do Bloco 29.