Brazil’s oil regulator to list subsalt areas for auction

Brazilian regulator ANP plans to present a list of subsalt offshore exploration areas by early February for the government to consider auctioning at the end of the year as part of what the agency’s new head called a historic opening of the nation’s oil sector.

Décio Oddone, who took the job this month, said in an interview that the second auction in 2017 for areas in the coveted offshore oil region known as the subsalt would “offer areas with distinct characteristics.”

Reuters reported on Jan. 19 that a second subsalt auction was planned for this year, in November, and that the government expected it to generate the most revenue of any in 2017.

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