Bullock picked up her first Oscar nod earlier this month (Feb10) for her role in The Blind Side, and is facing stiff competition from previous winners Meryl Streep and Dame Helen Mirren, as well as hot newcomers Carey Mulligan and Gabourey Sidibe.
But although she is honoured to be selected as a potential winner of Hollywood's leading accolade, Bullock admits the nomination is daunting - and she has turned down any future projects until the Oscar buzz calms down.
She says, "I think it scares me more than anything because you think, 'What do I do now?'
"I don't know what could possibly compare to this moment or this energy so I've decided not to look at work until this is all over so I can make a real judgment. I'd like to work hard for another 10-15 years, so if this is what that means, bring it."