government advances in assessments for new oil and gas auctions
measures resume essential environmental studies to define areas suitable for exploration in the Brazilian energy sector.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 1 MIN
The Ministry of Mines and Energy and the Ministry of the Environment signed ordinances that resume the Environmental Assessment of Sedimentary Areas, as reported by InfoMoney.
According to InfoMoney, the new ordinances aim to define which areas will be suitable for future oil and gas exploration before auctions are held.
Furthermore, the publication points out that a period of thirty days was established for the approval of the Environmental Assessment of Sedimentary Areas referring to the Solimões, Sergipe-Alagoas and Jacuípe basins.
The process also includes the beginning of studies specifically aimed at blocks located in the Pelotas basin, according to data released by InfoMoney.
What changes for the investor
The resumption of environmental assessment processes and the establishment of deadlines for releasing areas bring greater regulatory predictability to the oil and gas sector. For those who operate and invest in the stock market, progress in preparations for future auctions directly impacts the strategic planning of companies linked to the energy and exploration chain, with a focus on opening new production frontiers.
Automatically translated from Portuguese.
