PPI suggests bid enhancement project

The board of the Investment Partnership Program (PPI) published in the Official Gazette (DOU), last Thursday (5), a text that justifies the creation of a program to improve exploration bids and oil and natural gas production.

After frustrating results in field auctions of oil, the creation of the program would be necessary to "attract investments in oil and natural gas exploration and production through the competitiveness in auctions."

In addition, the resolution recommends the establishment of a interministerial level for monitoring the programme, which will be composed of representatives of the Ministries of Mines and Energy, Economics, Civil House and National Petroleum Agency (ANP).

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