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

IKM Aconan to Deliver Drilling, Well Services for Vår Energi

IKM Aconan to Deliver Drilling

Unity Wins North Sea Decom Contracts, Expands Overseas

Unity Wins North Sea Decom Con

Denmark Receives Offshore Wind Bids as Tender Scheme Rebounds

Denmark Receives Offshore Wind

Borr Drilling’s First Quarter Profit Takes Hit as Odin Rig Start-Up Lags

Borr Drilling’s First Quarter

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine