On 1 November 2018, the ANP cancelled five ANP Round 12 contracts operated by Petra Energia partnered with two different consortiums. Â Â     The contracts cancelled included      the PAR-T-199, PAR-T-219, PAR-T-220, PAR-T-300, and PAR-T-309 blocks.Â    They all had a 1st      period exploration expiry date of 15 May 2018.Â    The reason cited by the ANP for      the contract cancellations was due to the failure of the operator and      partners to renew their financial guarantees for the 1st      exploration period.Â    The ANP will execute the      financial guarantees related to the contract.  Petra Energia as operator with      50% working interest and Bayar with 50% working interest were granted      Final Awards for the PAR-T-199, PAR-T-219, and PAR-T-220 blocks in the      Parana Basin from the ANP Round 12 on 15 May 2014 after contract      signatures with the ANP.  Petra Energia as operator with 30%      working interest and COPEL (30%), Bayar (30%), Tucuman (10%) were granted      Final Awards for the PAR-T-300 and PAR-T-309 blocks in the Parana Basin      from the ANP Round 12 on 15 May 2014 after contract signatures with the      ANP.   On 11 January 2017, the ANP denied a request by Petra Energia to desist of three ANP Round 12 contracts located in Sao Paulo State.Â  The contracts include the PAR-T-199, PAR-T-219, and PAR-T-220 blocks.Â  The operator had requested that the signing bonus and commitment guarantees also be returned and all of the requests were denied.Â  There is a judgement against utilizing hydraulic fracturing in the various states of the Parana Basin and this may have been the reason to request the cancellation of the contracts.
On 1 November 2018, the ANP cancelled five ANP Round 12 contracts operated by Petra Energia partnered with two different consortiums.    The contracts cancelled included the PAR-T-199, PAR-T-219, PAR-T-220, PAR-T-300, and PAR-T-309 blocks.  