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

Dajin Forms Offshore Wind Alliance with German Port Terminal Operator

Dajin Forms Offshore Wind Alli

EnerMech Hires Former SLB Executive to Lead Energy Solutions Division

EnerMech Hires Former SLB Exec

Eni Expands Asian Footprint with Long-Term LNG Contract in Thailand

Eni Expands Asian Footprint wi

Jasmund Substation’s Topside and Jacket Sets Sail to Baltic Sea

Jasmund Substation’s Topside a

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine