The company, a subsidiary of PanAtlantic Energy, in partnership with Norway's Panoro drilled a trio of dusters in the shallow waters of the Santos basin in the second half of 2012.
Neither the Jandaia, Canario or Sabia prospects encountered commercial oil.
The Special Bid Committee (CEL) handling the bid round in a 10 April meeting decided not to approve Vanco because it was missing documents, throwing out the application of Cayman-registered Partex for the same reason, according to minutes provided by the country's National Hydrocarbons Committee (ANP).
Resultado
