On June 2, 2021, Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) published the draft tender protocol (“Draft Tender Protocol”) of the 2nd Bidding Round under the Production Sharing regime for the Surplus Volume contracted under the Transfer of Rights (“2nd Bidding Round”). The Draft Tender Protocol established the procedures and rules for participation in the bid and provided information on the draft production sharing agreements, the preliminary schedule, and information on the offered areas.