Petrobras can extend exploration in the Reconcavo Basin

Petrobras has the ANP and exploration phase of a set of seven concessions operated by Petrobras in the Reconcavo Basin is extended until 2020. The REC-T-32 block REC-T-40, REC-T-50, REC-T-51, REC-T-52, REC-T-60 and REC-T-61 were acquired by the state in 2013, 12th Round of the ANP.

The extension of time was due to delays in the licensing process of the seismic acquisition areas, therefore, the ANP decided to extend the period for completion of the exploratory commitments for nine months (284 days). The earlier date was May 2019.

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