Brazil to Offer Areas with 'Significant' Oil Volumes

Published

(Image: Petrobras)
(Image: Petrobras)

The Brazilian government will offer in an auction in October production sharing contracts for companies to explore areas that it says hold "significant volumes of oil and gas", the country's energy council CNPE said on Thursday.

After a meeting in Brasilia, CNPE decided on some rules for the auction that will offer extra oil from the so-called Transfer of Rights area, a high-yield, pre-salt region currently being explored by state-controlled oil company Petróleo Brasileiro SA.


(Reporting by Luciano Costa and Marcelo Teixeira; Editing by Chizu Nomiyama)

Current News

Floatel Triumph Lined Up for Brazil MSU Work

Floatel Triumph Lined Up for B

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

PTTEP, Petronas Ink 35-Year Ma

PMS Completes Subsea Pipeline Installation at Egypt’s Kamose Gas Field

PMS Completes Subsea Pipeline

GHL Seeks to Settle Dolphin Drilling Dispute with Cash, Nigeria Rig Work

GHL Seeks to Settle Dolphin Dr

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine