Brazil’s ANP sells 59 onshore, offshore blocks in Open Acreage round

The third cycle of Brazil’s Open Acreage program registered heated competition for onshore and offshore blocks, generating record-setting signing bonuses that cemented use of the new sales model as the primary form for licensing exploration and production concessions across Latin America’s biggest producer, officials said April 13. Brazil sold 59 onshore and offshore blocks, raising about $90.4 million in signing…